Pacific Radiance has emerged as a recipient of up to SGD 85m ($61m) in financial support from the Singapore government.
It has been a beneficiary of IE Singapore’s Internationalisation Finance Scheme (IFS) and the re-introduction of SPRING’s Bridging Loan (BL).
The two measures were introduced by the Singapore government in late November 2016 to help to address the intensifying financing challenges faced by the offshore industry.
