Offshore wind installation and transport specialist Swire Blue Ocean is to be listed on the Oslo Stock Exchange and be renamed Cadeler, parent company Swire Pacific Offshore announced today.
The new name and branding has been selected to reflect the company’s Scandinavian maritime heritage and its commitment to excellence in maritime operations, the Danish operator said.
The proposal to take the company public comes on the back of the announcement of significant expansion plans for the company.
Pacific Orca and Pacific Osprey (pictured) are planned to be fitted with new cranes, enabling them to handle future turbine models currently under design by major manufacturers.
Swire Blue Ocean has also issued RFPs to leading international shipyards for the construction of a new-build wind farm installation vessel, with an option for a second.
The bespoke vessel design has been under development for some time, in conjunction with GustoMSC, based on Swire Blue Ocean’s experience of more than 30 offshore wind farm projects.
Cadeler chief executive Mikkel Gleerup said: “As an established company in the industry, with a solid pipeline of projects, Cadeler is well positioned to consolidate its position at the top table.
“Cadeler plans to expand and adapt to keep pace with the largest turbines in the market, with further capacity for the mega turbines to come.
“This growth will require significant capital investment and is expected to further strengthen the company’s order book and operational flexibility.
“In addition to supporting our existing partners and clients in Europe, the growth is intended to enable us to capture opportunities in emerging offshore wind markets in the USA and North Asia.”