Offshore

Swire Pacific Offshore Holdings sold to Tidewater

US offshore carrier Tidewater acquires all the shares of Singapore-based Swire Pacific Offshore Holdings, part of the Singapore-based Swire conglomerate. Corrected.
Photo: PR/Tidewater
Photo: PR/Tidewater
by DANIEL LOGAN

Consolidation in the sector for offshore vessels increases as Tidewater – the world’s largest offshore shipping company – acquires Swire Pacific Offshore Holdings, according to a statement by the companies issued Wednesday.

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