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

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Marintec China 2015, Shanghai, China


Facts & Figures of Marintec China:
• The exhibition spread over 70,000 square metres in Shanghai New International Expo Centre
• Over 1,700 exhibiting companies were participating in the event
• 57,888 quality trade visitors from 88 countries/regions
• 16 national & regional pavilions from Austria, China, Denmark, Finland, France, Germany, Hong Kong SAR, Japan, Korea, the Netherlands, Norway, Singapore, Sweden, Taiwan region, the United States and the United Kingdom were organised

About Marintec China

Marintec China 2015 will be held on 1-4 December 2015 in Shanghai. With increasing worldwide recognition and reputation throughout the past three decades, the exhibition is attracting an increasing number of high-profile exhibitors and visitors from around the world.

Regarded as the only gateway to the Asian maritime market, Marinetech China has become larger than ever! Being the most recognized maritime trade show in Asia, Marintec China is definitely an international marketplace for buyers to source from international sellers showcasing their latest marine, ship design, offshore engineering and port technology.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. Marintec China 2013 has broken all the previous records attracting more than 1,700 exhibiting companies from 32 countries /regions and 16 group pavilions, making it the most international and authorised industry event in Asia. Taking place once every two years, Marintec China 2015 edition is a unique opportunity for suppliers to connect with new customers and re-connect with existing contacts from the region, and final one to present new products and services to the trade visitors and experts from all parts of the world.

Visit Marintec China 2015 website for more details www.marintecchina.com

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