SEPTEMBER 11, 2013 — Singapore based Pacific Radiance Group has ordered two platform supply vessels of the Ulstein PX121 X Bow design for construction at a Chinese yard. The vessels are estimated for deliveries from the shipbuilder in the second and third quarters of 2015. The contract includes options for two more vessels.

The contract with Ulstein covers basic design, engineering, and an extensive package of equipment.

The Pacific Radiance Group currently manages over 120 vessels.

"After researching a few designs we found that the PX121 design suits our targeted markets in the best possible way," says Mr James Pang, Director Business Development & Marketing, Pacific Radiance. "Our team is striving towards operating cleaner and more fuel efficient vessels that meet and exceed all the latest regulatory requirements. In addition, the crews' and special charterer's personnel comfort and operability of a vessel in rough weather conditions and strong currents are of increasing importance to our clients.

"This design meets most of our clients' operational expectations in terms of e.g. deck space, capacities, speed, position holding capabilities and fuel efficiency. We believe this is achieved by the unique hull design and longer lines that allow for better transit speed and efficiency, saving time and cost for both us and our clients."

ULSTEIN PX121 for Pacific Radiance:
Length: 83.4 m
Breadth: 18 m
Load capacity: 4,000 t
Cargo deck: 840 sqm
Speed: 14.5 kn
Accommodations: 30 persons
Clean Design (DNV)
Satisfying IMO's SPS Code (Special Purpose Ships) for carrying up to 60 specialised personnel
OILREC class notation for oil recovery in emergency situations
Comfort class