Miclyn Wins Multiple OSVs Contracts

Miclyn Wins Multiple OSVs Contracts

Miclyn Express Offshore has announced that a key customer in Thailand has recently awarded the Company two long term Offshore Service Vessels (OSV’s) contracts.

The Miclyn Constructor I and the MEO Sovereign II, both internally constructed OSV’s, have been awarded 2 year contracts commencing in February 2013 and March 2013 respectively.

MEO has also recently secured additional OSV contracts in South-East Asia and Middle East. The Miclyn Endurance was recently awarded a 1+1+1 year contract in Malaysia commencing in February 2013, the MEO Galaxy was awarded a 9 month + 3×1 month contract in Malaysia commencing in March 2013 and the Miclyn Power was awarded a 4.5 year contract in Qatar commencing in April 2013.

Including the Miclyn Victory and Miclyn Enterprise contracts announced on 18 January 2013, the Company has now signed seven new OSV contracts worth US$56 million since the start of the calendar year.

CEO Diederik de Boer said, “Whilst we have experienced some earnings softness in Financial Year 2013, largely due to a high level of re-contracting activity, asset redeployment and softer than anticipated market conditions, we have been able to leverage off our strong operating performance and customer relationships to secure a number of long term OSV contracts”.

In line with its fleet renewal strategy, MEO has also entered into agreements to sell two Crew/Utility Vessels for a modest disposal gain. The vessels are aged 23 years and 26 years and will exit the fleet in April 2013 as part of a renewal program that includes seven new Crew/Utility Vessel deliveries between January and June 2013.

MEO, April 4, 2013

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2015 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

ICCAS 2015 – International Conference on Computer Applications in Shipbuilding

The 17th International Conference on Computer Applications in Shipbuilding (ICCAS) will review operational experience from existing computer…

read more >

Salvage & Wreck Asia 2014

At Asia’s only specialist salvage and wreck removal conference, delegates heard from industry leaders on topics including…

read more >

PIANC SMART Rivers Conference

The SMART Rivers Conference is a biennal forum bringing together those involved in river transport form developing and developed countries…

read more >

NEVA 2015

The NEVA 2015 profile will promote traditional sectors of Shipbuilding, Ship Equipment, Offshore Shelf Construction and Equipment, Ports…

read more >