Search results for: DOT Radiance

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  • 9 December 2016

    Singapore-based provider of offshore marine services Pacific Radiance has delayed a charter for one of its offshore construction support vessels, that is still under construction, by a year.  In November 2014, the company’s joint venture with DOT Holdings, named DOT Radiance, secured a long-term charter contract for one of its vessels ahead of its expected delivery in […]

  • 9 September 2014
    Business & Finance

    Singapore’s Pacific Radiance Ltd. has announced that its indirect subsidiary, Radiance Offshore Holdings Pte. Ltd., has entered into a joint venture agreement with DOT Holdings AS, on 8 September 2014. Under the terms of the Joint Venture Agreement, Radiance Offshore and DOT Holdings have agreed to jointly incorporate a company, to be named “DOT Radiance […]

  • 12 December 2016
    Business & Finance

    DOT Radiance, a joint venture between DOT Shipping and Pacific Radiance, has agreed with the charterer to delay delivery of the newbuild offshore construction support vessel to December 31, 2017. The joint venture secured a long-term charter contract worth over $140 million, including extension options, for the vessel which was expected for delivery and start of […]

  • 18 November 2014
    Business & Finance

    Pacific Radiance Ltd., a Singapore-based provider of integrated offshore marine services in Asia and beyond, has secured a long term charter contract worth over US$140 million, including extension options, for one of its offshore support vessels ahead of its expected delivery in 2016/17. Pacific Radiance says that under the contract, which was secured by the […]

  • 9 September 2014
    Business & Finance

    Oceanteam Shipping ASA announced that it has secured, through its joint venture DOT Holdings AS, an interest in a new build Offshore Support Vessel. As a result a partnership with Pacific Radiance Ltd., subject to certain conditions subsequent, has been established. Closure of remaining conditions subsequent, are expected to be finalised in the coming month.Once […]

  • 26 February 2018
    Business & Finance

    Oceanteam, a Dutch/Norwegian Offshore service provider, has terminated agreements for purchase and bareboat chartering of the vessel Tampamachoco 1.

  • 26 February 2018
    Business & Finance, Operations & Maintenance

    Oslo-listed Oceanteam has booked net profit of $11.7 million for the year 2017, against $22.3 million loss in 2016. For the twelve months of 2017, the Norwegian-Dutch offshore service provider generated $35.5 million in revenues, down approximately 15% compared to $41.8 million for the same period in 2016. Earnings for the second-half 2017 came out negative […]

  • 15 June 2011
    Business & Finance

      After a 21-day dry-dock, Royal Caribbean International’s Radiance of the Seas reemerged from one of the most extensive revitalizations of the cruise line’s approximately $70 million Royal Advantage enhancements program for 2011. The new variety of dining concepts, entertainment options, children’s programming and technology advancements originally introduced to industry-wide acclaim aboard Royal Caribbean’s new […]

  • 4 March 2015
    Business & Finance

    Pacific Radiance’s subsidiary Alstonia Offshore has on March 3, 2015 entered into a Joint Venture Agreement with Duta Marine to jointly incorporate a company to be named “Duta Radiance Maritim Sdn Bhd” (JV Company) in Malaysia. Under the terms of the Joint Venture Agreement, Alstonia and Duta Marine respectively will hold 49% and 51% equity […]

  • 15 June 2011

    After a 21-day dry-dock, Royal Caribbean International’s Radiance of the Seas reemerged from one of the most extensive revitalizations of the cruise line’s approximately $70 million Royal Advantage enhancements program for 2011. The new variety of dining concepts, entertainment options, children’s programming and technology advancements originally introduced to industry-wide acclaim aboard Royal Caribbean’s new Oasis-class […]

  • 22 May 2017
    Business & Finance, Operations & Maintenance

    Pacific Radiance has through its wholly-owned subsidiary, Crest Offshore Marine, entered into a joint venture agreement with Allianz Offshore Middle East to jointly incorporate a company in Singapore known as Allianz Radiance. Under the terms of the JV Agreement, Crest Offshore and Allianz Offshore respectively will hold 51% and 49% equity interest in the new […]

  • 18 March 2014
    Business & Finance

    Pacific Radiance Group has exercised options for two additional ULSTEIN’s PSV designs. In September 2013, Pacific Radiance Group announced the order for two platform supply vessels of the ULSTEIN PX121 design for construction at Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS Offshore). The contract included options for two more vessels, and the options are now […]

  • 22 May 2017
    Business & Finance

    Singapore’s vessel operator Pacific Radiance has entered into a joint venture agreement with Allianz Offshore Middle East, forming a new company which will be involved in offshore vessel operations.  The agreement between Pacific Radiance’s subsidiary, Crest Offshore Marine, and Allianz, a company incorporated in Saint Vincent and The Grenadines, was entered into on Friday, May 19. The pair will  jointly […]

  • 19 December 2013

    Pacific Radiance Ltd. moves ahead with plans to expand and upgrade its offshore fleet by adding two high-specification platform supply vessels (PSVs) to its newbuild programme. In September 2013, the group placed an order with a Chinese Shipyard for two PSVs utilising the Ulstein PX121 design, and has now exercised the option for two more PSVs […]

  • 19 December 2013
    Business & Finance

    Pacific Radiance Ltd., a Singapore-based provider of integrated offshore marine services in Asia and beyond, will be pressing forward with its growth strategy, moving ahead with plans to expand and upgrade its offshore fleet by adding two high-specification platform supply vessels (PSVs) to its newbuild programme. In September 2013, the Group placed an order with […]

  • 22 January 2018
    Business & Finance

    Singapore-based offshore vessel operator Pacific Radiance is looking to diversify into offshore wind, according to its latest presentation related to restructuring plans the company has been negotiating with its stakeholders since September 2017. 

  • 1 April 2014
    Business & Finance

    Affirming its already strong standing in Asia’s offshore oil & gas support services sector, Pacific Radiance Ltd. has bagged a contract worth up to $100 million for its latest maintenance work vessel (MWV). Under the terms of the contract, the MWV, which joined the Group’s diverse fleet in the first quarter of FY2014, will be […]

  • 24 June 2014
    Business & Finance

    Pacific Radiance, a Singapore-based provider of integrated offshore marine services in Asia and beyond, and Mexico’s Consultoría y Servicios Petroleros, S.A. de C.V have agreed to establish a joint venture company. Singapore’s Pacific Radiance Ltd. has through its indirect subsidiary, Radiance Offshore Holdings Pte. Ltd. (“ROH”) has entered into a Joint Venture Agreement with Consultoría y Servicios Petroleros, […]

  • 1 April 2014
    Business & Finance

    Pacific Radiance Ltd., a Singapore-based provider of integrated offshore marine services in Asia and beyond, has bagged a contract worth up to US$100 million for its latest maintenance work vessel (MWV). The vessel is also the first of the 14 newbuilds scheduled for delivery in the current financial year FY2014. Under the terms of the […]

  • 14 August 2017
    Business & Finance, Operations & Maintenance

    Pacific Radiance, a provider of integrated offshore marine support services, has reported loss of $8.5 million for the three-month period ended June 30, 2017. This result compares with quarterly loss of some $62.8 million in the corresponding period in 2016. Result for the first half of 2017 was negative $23.7 million over $69.7 million in […]

  • 23 December 2016
    Business & Finance

    Singapore’s offshore support solutions provider Pacific Radiance is making further headway in the Mexican offshore oil & gas market. In its latest move, the group will transfer its key operations and assets in Mexico to Navigatis Radiance, its 51%-owned indirect joint venture with Navigatis. Navigatis is a special purpose entity set up by Mexican private […]

  • 19 December 2013

    Pacific Radiance Ltd.  , a Singapore-based provider of integrated offshore marine services in Asia and beyond, will be pressing forward with its growth strategy, moving ahead with plans to expand and upgrade its offshore fleet by adding two high-specification platform supply vessels (PSVs) to its newbuild programme.   In September 2013, the Group placed an […]