The Swire group has continued to reduce its holding in a wind turbine installation vessel (WTIV) company it used to control.
Oslo-listed shipowner Cadeler said Swire Pacific Offshore Operations had cut its stake from 28.23% to 21.55% through share sales.
Cadeler is the former Swire Blue Ocean, which carried out a $100m initial public offering in November 2020 that saw Singapore’s BW Group buy in.
