Pacific Radiance Ltd. is an owner and operator of offshore vessels. The Company operates in three segments: the Offshore Support Services business, which is mainly engaged in the owning, managing, chartering and the operating of offshore vessels supporting the offshore oil and gas industry; the Subsea Business, which is engaged in the owning and operating saturation dive support vessels, and provision of subsea inspection, repair and maintenance services and light construction on services, and the Complementary Businesses, which comprises the Marine Equipment Business, Shipyard Business and Project Logistics Services Business. The Marine Equipment Business is engaged in the design, supply and maintenance of deck equipment. The Shipyard Business is engaged in ship-repair activities. The Project Logistics Business is engaged in the provision of offshore logistics solutions.