A 'new' Swan Hunter company has merged with Norwegian subsea cable handing business PASSER Group to create a new business that will have a base on Tyneside.
PASSER LARS, which stands for 'logistics and rental solutions', aims to become a "leading player" in the global cable handling and logistics rental market for offshore oil and gas operators.
The move means Swan Hunter - which relaunched from its shipbuilding roots in 2016 as a subsea engineering firm run by Gerard Kroese, the eldest son of former owner Japp Kroese - will lend its design, engineering and project management skills to the partnership, building on work it does across the world on telecoms cables, flexible pipelines and umbilicals.