Pacific Radiance
- Company typePublic
- Founded2002
- HeadquartersSingapore, Singapore
- Headcount251–500
- GTM typeB2B
- OfferingServices
Pacific Radiance firmographics
Firmographics- Name
- Pacific Radiance
- Legal name
- Pacific Radiance Limited
- Website
- http://www.pacificradiance.com/
- Company type
- Public
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Pacific Radiance industry classification
Industry- Product category
- Offshore Marine Services
- NAICS
- Support Activities for Water Transportation (4883), Ship Building and Repairing (336611)
- SIC
- Water Transportation (4400), Ship & Boat Building & Repairing (3730), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)
- akta.pro secondary industries
- Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ), Offshore Wind & Renewable Support Vessel Construction (SOV, CTV, WTIV) (IMAJACAG), Offshore/Remote Port Call & Anchorage Services (Launch Boats, Crew Boats, Supply Runs) (TLAHAJAM)
Keywords
Where Pacific Radiance is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices3 records
Markets served
Pacific Radiance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D
Revenue model
- Offshore Vessel Chartering: Pacific Radiance owns and operates a diverse fleet of offshore support vessels — including AHTSVs, PSVs, Ocean Tugs, Offshore Barges, Subsea/Diving/ROV Support Vessels, Construction Support Vessels, and Accommodation Vessels — and charters these to oil and gas and wind farm operators on time-charter or spot basis. This is the primary revenue stream, covering operations across Asia, Middle East, Latin America, and Australia through direct ownership, joint ventures, and associated companies. As of August 2024, the Group manages approximately 40 vessels worldwide.
- Ship Agency Services: Sea Radiance, a subsidiary established in 2006, provides ship agency services to ship owners, operators, charterers, and offshore companies in Singapore, including port clearance, crew changes, fresh water supply, vessel supplies, bunkering, and logistics. Revenue is generated through service fees and commissions. Major clients include Chevron, CUEL, Shell, and McDermott.
- Shipyard Services (CrestSA Marine & Offshore): Professional ship-repair services, fabrication, and conversion for a wide range of vessels both afloat and in dry dock. The shipyard also offers vessel design customization and construction of fit-for-purpose vessels for third-party clients. Revenue is earned through project-based service fees. The facility features two 6,000 DWT dry docks and has delivered over 1,500 offshore vessels to date.
- Crew Management Services: Sea Radiance provides comprehensive crew management services including recruitment, payroll, medical and training logistics, STCW and MLC compliance, through its MLC-compliant affiliate Strato Maritime Services. Revenue is generated through service fees embedded in crew contracting arrangements.
- Shipbuilding Project Management: The Shipbuilding Project Management Team specializes in contract negotiation, planning, and supervision of new vessel construction in China and Indonesia for third-party clients. Revenue is earned through management and consultancy fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Bespoke project-based pricing for offshore vessel charters |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
Pacific Radiance product offering
Product offeringCore offering
Pacific Radiance owns, operates, and charters a diverse fleet of offshore support vessels — including Anchor Handling Tug Supply Vessels, Platform Supply Vessels, Subsea/ROV Vessels, Ocean Tugs, Offshore Barges, and Crew Transfer Vessels — to offshore oil and gas and renewable energy clients on time-charter and project basis. The Group complements this with ship agency (Sea Radiance), ship repair and conversion shipyard (CrestSA Marine & Offshore), crew management, and shipbuilding project management services delivered through wholly-owned subsidiaries in Singapore, UAE, and Taiwan.
Product overview
Pacific Radiance is an integrated marine solutions provider offering a synergistic suite of complementary services through cross-functional operating divisions. The portfolio includes: Offshore Oil and Gas Services (core product) with a diverse vessel fleet comprising Subsea/Diving/ROV Support Vessels, Anchor Handling Tugs, Platform Supply Vessels, Ocean Tugs, Offshore Barges, and Special Purpose Vessels; Offshore Wind Services through subsidiary Prosperous Wind Shipping operating Crew Transfer Vessels in Taiwan; Ship Agency Services via subsidiary Sea Radiance providing port clearance, crew management, logistics and marine supplies; and Shipyard Services through CrestSA Marine & Offshore offering ship repair, fabrication and conversion. The company operates globally across Asia, Middle East, and Latin America with a fleet of approximately 40 vessels as of August 2024.
Differentiator
Problem solved
Functional benefit
Brands
- CrestSA Yard: Shipyard division providing professional ship-repair services, fabrication, and conversion for vessels. Features a 33,000m² facility with 188m water frontage and two dry docks.
- Sea Radiance
- Prosperous Wind Shipping
- Strato Maritime Services
Products and services
- Offshore Oil and Gas Vessel Chartering Services Comprehensive offshore oil and gas support services including operation and chartering of a diverse vessel fleet (AHTSVs, PSVs, Ocean Tugs, Offshore Barges, Diving/ROV Support Vessels, Subsea Vessels) supporting exploration, production, and construction activities across the lifecycle of an offshore field for international and national oil companies.
- Offshore Wind Crew Transfer Vessel (CTV) Services
Quantifiable outcome
- Pacific Radiance posts 26% revenue growth to US$55.2M with net profit of US$12.9M for FY2025
- +4 more outcomes
Companies that use Pacific Radiance
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Pacific Radiance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Pacific Radiance partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Siemens GamesacorePacific Radiance, through its subsidiary Prosperous Wind Shipping Limited (PWSL), partners with Siemens Gamesa to leverage the company's shipbuilding, project management, and ship management expertise in the offshore wind sector. The partnership is targeted at driving growth in Asia's offshore wind market, with PWSL providing specialized Crew Transfer Vessels and offshore support services in support of wind farm construction, commissioning, and maintenance operations.
- Lung Teh Shipyard (Yilan, Taiwan)coreLung Teh Shipyard in Yilan, Taiwan constructed the Prosperous 1 (IMO No. 9899674), the first privately owned offshore wind farm Crew Transfer Vessel built locally in Taiwan. This vessel serves as the operational backbone for PWSL's long-term O&M contract with WPD at the Yunlin offshore wind farm, demonstrating the partnership's role in advancing Taiwan's offshore wind capabilities.
- Strato Maritime ServicesminorStrato Maritime Services is the MLC-compliant affiliate of Sea Radiance (Pacific Radiance's ship agency subsidiary), providing recruitment and payroll services as part of Sea Radiance's comprehensive crew management offering. The partnership enables Sea Radiance to deliver MLC-compliant crew management services, including multinational recruitment, crew management, payroll handling, medical, training, and logistics arrangements.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
Pacific Radiance competitors and assessment
Company assessmentDirect peers
- Vallianz Holdings: Singapore-listed offshore support vessel owner-operator with a similar focus on AHTSVs and PSVs serving IOCs across the Middle East and Asia-Pacific. Vallianz is the most directly comparable Asia-headquartered OSV peer in scale and customer mix.
- Bourbon Corporation: France-headquartered offshore vessel operator with deep global OSV capacity for the oil & gas industry; comparable in vessel categories (AHTSVs, PSVs, subsea/CVs) and in serving multi-region IOC clients.
- Seacor Marine Holdings: US-listed provider of offshore marine and support vessels to energy and renewables clients, including wind farm support operations; a directly comparable publicly traded OSV peer with renewables exposure.
- PACC Offshore Services Holdings (POSH): Singapore-based OSV operator serving IOCs and offshore wind developers across Asia with AHTSVs, PSVs and CTVs; a direct peer in Singapore's OSV market and in Asia offshore wind CTV deployment.
- Siem Offshore: Norwegian offshore vessel owner-operator with AHTSVs, PSVs and specialized subsea/OSCV tonnage serving oil & gas and offshore wind; comparable in vessel categories and customer segments.
- Mermaid Maritime Public Company: Thailand-listed OSV and subsea engineering services provider with a fleet of diving support, ROV and platform supply vessels serving the offshore oil & gas industry across Southeast Asia, the Middle East and beyond—a direct regional peer.
- Solstad Offshore: Norwegian-listed owner-operator of offshore service and subsea construction vessels, including AHTSVs, PSVs and CSV/subsea units; directly comparable in fleet composition and offshore/renewables exposure.
- Swire Pacific Offshore Operations: Hong Kong-based offshore vessel operator (part of Swire Pacific) owning a large global fleet of AHTSVs, PSVs and subsea vessels for the oil & gas and renewables sectors; a directly comparable global OSV peer in vessel mix and customer profile.
Emerging players
- Strategic Marine (S) Pte Ltd: Singapore-based shipbuilder specializing in offshore support vessels, crew transfer vessels and fast crew transfer vessels; comparable to CrestSA Marine & Offshore's newbuild management and Pacific Radiance's offshore wind ambitions.
Broad incumbents
- Tidewater Inc. Largest publicly traded global OSV operator with the world's broadest fleet of vessels serving the offshore energy industry; a broad incumbent reference point for Pacific Radiance's OSV chartering and subsea work.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Pacific Radiance social profiles
Digital presencePacific Radiance compliance and trust
Trust signalCompliance5 records
Pacific Radiance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pacific Radiance leadership team
Management profileNumber of profiles
Profiles9 records
Pacific Radiance subsidiaries and ownership
Company hierarchySubsidiaries4 records
Pacific Radiance funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pacific Radiance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pacific Radiance
What does Pacific Radiance do?
Pacific Radiance owns, operates, and charters a diverse fleet of offshore support vessels — including Anchor Handling Tug Supply Vessels, Platform Supply Vessels, Subsea/ROV Vessels, Ocean Tugs, Offshore Barges, and Crew Transfer Vessels — to offshore oil and gas and renewable energy clients on time-charter and project basis. The Group complements this with ship agency (Sea Radiance), ship repair and conversion shipyard (CrestSA Marine & Offshore), crew management, and shipbuilding project management services delivered through wholly-owned subsidiaries in Singapore, UAE, and Taiwan.
Is Pacific Radiance a public or private company?
Pacific Radiance is a public company. It is classified as public and is currently operating.
When was Pacific Radiance founded?
Pacific Radiance was founded in 2002. It employs 251 to 500 people.
Where is Pacific Radiance based?
Pacific Radiance is headquartered in Singapore, Singapore, in the Asia region.
How does Pacific Radiance make money?
Five revenue lines are on record. Offshore Vessel Chartering is the primary driver. The others are ship Agency Services, shipyard Services (CrestSA Marine & Offshore), crew Management Services and shipbuilding Project Management.
Who are Pacific Radiance's main competitors?
Direct peers on record are Vallianz Holdings, Bourbon Corporation, Seacor Marine Holdings, PACC Offshore Services Holdings (POSH), Siem Offshore, Mermaid Maritime Public Company, Solstad Offshore and Swire Pacific Offshore Operations. Strategic Marine (S) Pte Ltd is listed as an emerging player. Tidewater Inc. is listed as a broad incumbent.
Does Pacific Radiance have an API?
No public API is recorded for Pacific Radiance.
What industry is Pacific Radiance in?
Pacific Radiance's product category is Offshore Marine Services. Its primary akta.pro industry code is TLADABAL, Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS), with a secondary code of EUALABAJ, Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters). Its NAICS code is 4883 and its SIC code is 4400.