Singapore: Singapore-listed Pacific Radiance announced that its indirect subsidiary, Radiance Offshore Holdings has entered into a joint venture agreement with Norway’s DOT Holdings.
Under the agreement, the two companies have agreed to jointly incorporate a company to be named DOT Radiance, which intends to be engaged in the business of owning and chartering of offshore support vessels.
Pacific Radiance earlier also formed joint ventures in Australia and Mexico to expand its global presence. [09/09/14]
Pacific Radiance: Widening global scope