In the past the 'Pioneering Spirit' had another name. If you want to know the reason for this name change please check-out the information provided with this link under 'Naming controversy'.
That's a very large ship but they're building a bigger one soon. It's hard to imagine. Some people sure have a lot of money to spend. Good capture Cornelius.
It would appear that there was some hesitation to fully remove the original name from the ship, as it appears in muted colors. From the link's information, the original name clearly had a stained reputation. With the water marks on the hull, it seems that there is a significant effect of carrying the load of rig parts. A most interesting photo of life at sea - something of which you know much!