Singapore offshore company JUB Pacific has boosted its fleet with a secondhand liftboat.
It acquired the Caracal Pioneer (built 2010) for an undisclosed price. VesselsValue puts the value of the vessel at around $15.5m.
JUB Pacific told TradeWinds that the acquisition forms part of its plans to “extend its global reach and solidify its position as a leading liftboat player”.
The Vietnam-built Caracal Pioneer, which will be renamed JUB Pioneer, is described as one of the largest liftboats based in African waters.
“The unit is well-equipped to support a diverse range of offshore operations which is highly required by large oil companies in Africa,” JUB Pacific said.
“The integration of the Caracal Pioneer into our owned fleet not only enhances our operational capabilities but also reflects our dedication to becoming the preferred partner for oil majors seeking reliable and efficient maritime solutions in the region.”
JUB Pacific said it is set to leverage this strategic acquisition to meet the evolving needs of its clients on the back of the improving oil and gas market.
“With the addition of the Caracal Pioneer, our fleet, both owned and managed, now comprises a line-up of 18 liftboats, further cementing our reputation as a trusted and dependable player in the liftboat sector,” it said.
Established in 2018, JUB Pacific specialises in offshore marine services through offices in the Asia, Middle East and West Africa.
In addition to its fleet of liftboats, the company has begun focusing on the renewables sector, in particular Asian offshore wind.
