ShippingWatch

Swire Blue Ocean up and running

Swire Blue Ocean was able to present a USD 11.4 million result for 2013, a year in which two installation vessels started operating. The ships are almost covered for 2014, where CEO Lars Blicher expects a result at around the same level.

In 2013, Swire Blue Ocean - a subsidiary of Singapore-based Swire Pacific Offshore - was able to present a positive bottom line for the first time, as this was also the year in which the carrier's two major installation vessels became operational.

Swire Blue Ocean has thus left the launch phase behind, and the carrier achieved an expected result of USD 11.4 million along with a gross profit of USD 18.9 million. This was especially caused by the fact that the ships were almost fully utilized in 2013, CEO Lars Blicher tells ShippingWatch.

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