Many of our senior personnel played their part in the North Sea’s first offshore installation projects in the early 1980s. Since then they have participated in some of the largest and most complex installations ever undertaken. This expertise and experience came together in 1991 with the establishment of Seaway Heavy Lifting.
In 1991 the Norwegian subsea offshore company Stolt Nielsen Seaway* and the Russian state oil company Kaliningrad Morneft**, established a joint venture. Operations began with the crane vessel Stanislav Yudin. In 2011 a new build larger crane vessel was delivered. Both vessels are owned by Seaway Heavy Lifting. Over the years we have grown steadily to become the global offshore contractor we are today.
In March 2017 Subsea 7 announced the acquisition, from K&S (a private investment fund), of its 50% shareholding in Seaway Heavy Lifting. The investment to acquire the remaining shares in Seaway Heavy Lifting, such that it becomes a wholly-owned subsidiary of Subsea 7, is aligned with the strategy to grow and strengthen the business for the long-term. Consolidating Seaway Heavy Lifting into the Subsea 7 Group increases Subsea 7's participation in Renewables, Heavy Lifting and Decommissioning services.
* later Stolt Comex Seaway - Stolt Offshore - Acergy - Subsea 7
** later LukoilKaliningradMorneft