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Swire Pacific Limited
(Incorporated in Hong Kong with limited liability)

FOR IMMEDIATE RELEASE 15 September 2014

Swire Pacific Offshore (SPO) Celebrates the Naming of Pacific Gannet, its First
G Class Platform Supply Vessel (PSV) in Japan

The high specification G Class vessels with their fuel-efficient design are the latest addition
to SPO's modern and diverse fleet of vessels

Singapore, 15 September 2014 - Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of its first G Class PSV vessel, Pacific Gannet in Japan on Friday, 12 September 2014.

The naming ceremony was held at the Japan Marine United Corporation (JMU)'s Yokohama Shipyard and graced by Lady Sponsor, Mrs Mi Hyun Bray, the wife of Mr Rupert Bray, Marine Services Director of SPO.

"The delivery of Pacific Gannet is another important milestone in SPO's long term partnership with JMU. This is the first of 10 G Class PSV vessels that SPO has commissioned JMU to build over the next three years. The addition of the G Class PSV vessels will provide another industry leading product within our fleet portfolio, helping us provide our global clients with outstanding service," says Managing Director of SPO, Mr Neil Glenn.

The G Class series is the latest addition to SPO's fleet and was developed to meet the increase in demand for PSV vessels from its clients. Today, SPO operates a diverse fleet of 88 offshore support vessels, including anchor handling tug supply vessels, platform supply vessels, ice-breaking supply vessels, anchor handling tugs, seismic survey vessels, windfarm installation vessels, accommodation barges and multi-purpose offshore vessels. As part of its fleet expansion plans, SPO aims to have a total of 100 vessels by the end of 2015.

JMU has worked with SPO for a number of years, completing the construction of its four vessel H Class 4,700 dwt PSV series in addition to the current L Class series of 5,200 dwt PSVs. The most recent naming ceremony of the L Class vessel, Pacific Legacy was held on 17 July 2014.

"JMU is privileged to collaborate with SPO, one of the leading names in the oil and gas industry, on the building of this new series of PSV vessels for their fleet. We will continue to work closely with SPO to ensure that the G Class vessels are built to the highest standards of safety, reliability and quality," says Representative Director, Vice President of JMU, Mr Yoshio Otagaki.

The G Class vessels (4,000 DWT) are suited for a wide range of supply duties in the offshore industry. Powered by a diesel electric propulsion plant and equipped with counter rotating azimuth thrusters with variable frequency drives. The tank arrangement allows for generous liquid capacities, with 969 m3 of cargo fuel. The efficient hull form and bulbous bow shape also ensure optimal fuel efficiency. The bulbous bow design takes into consideration various operating speeds, draughts and sea states that Offshore Support Vessels (OSV) typically operate in and is designed to maximise its effectiveness over a wide range rather than a tuned design point.

These vessels are certified with DP2, SPS and Clean Class notations and have high Environmental Regularity Number (ERN) of (99, 99, 99, 97). The 810 m2 clear deck space is designed to accommodate three lengths of drill pipe or casing with safe access for the deck crew and is able to facilitate a wide range of project required machinery and equipment. The cabin outfitting is MLC 2006 compliant and can accommodate up to 48 people. Please see attached Appendix A which details the top 10 features of the G Class vessel and Appendix B for the Specification Sheet.

For pictures of the naming ceremony of Pacific Gannet, please visit
http://swire.com.sg/Media/Gallerypage/Naming-Ceremony-Pacific-Gannet.aspx.
Photographs courtesy of Japan Marine United Corporation (JMU). To download the press
release in PDF format, please click here.

-End-

About Swire Pacific Offshore (SPO)

Swire Pacific Offshore Operations (Pte) Ltd is a leading service provider to the offshore oil and gas industry with a network that spans the globe. Operating for more than 35 years, SPO has become a trusted name in the oil and gas industry. SPO has operated in Singapore since 1975 and moved its headquarters there in 1992. SPO is a fully owned subsidiary of Swire Pacific Limited. In line with its vision, "Excellence in Marine Services", strong emphasis is placed on health and safety, the environment and sustainable development. SPO and its subsidiaries operate vessels in every major oil exploration region outside of USA and have offices in Angola, Australia, Azerbaijan, Brazil, Brunei, Cameroon, Canada, Denmark, Equatorial Guinea, Ghana, India, Indonesia, Kenya, Malaysia, Newfoundland, New Zealand, Norway, Qatar, The Philippines, Russia, Scotland and the United Arab Emirates.

For more details, visit http://www.swire.com.sg/

About Japan Marine United Corporation (JMU)

The Japan Marine United Corporation (JMU) was formed through the merger of Universal Shipbuilding Corporation and IHI Marine United Inc. both leading companies in the shipbuilding industry in Japan in January 2013. By synergising the strengths of both companies in terms of design, development and technological capabilities in shipbuilding, JMU aims to establish itself as a world-class shipbuilding company that is anchored with a strong Japanese shipbuilding alliance. The company constantly seeks to strengthen their competitiveness and further implement their growth strategy in the four key business fields namely, Merchant Ship & Offshore Work, Naval Ship, Engineering and Ship Life Cycle.

For more details, visit http://www.jmuc.co.jp/en/


Source: Swire Pacific Limited
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