Vallianz Bags $82 Mln Charter Deal

Vallianz Holdings Limited, an integrated offshore marine solutions provider in the offshore oil and gas industry, through its subsidiary, has received a Letter of Award (LOA) for the provision of Charter and Ship Management services worth $82.0 million to a major offshore construction company.

The LOA excludes any variation or additional works to be negotiated later.

For this award, vessels including Submersible Vessels, Pipe Carriers, Platform Supply Vessels (PSV), Anchor Handling Tug Supply Vessels (AHTS) and cargo barges will be deployed in Latin America from 3QFY2014 to FY2015.

Vallianz will also provide a full suite of offshore marine support services, including mobilisation, demobilisation, marine logistics support and operational services.

This is our first charter and ship management LOA for 2014, which augments our current order book to another new record of $524.0 million. This Latin America award is a strong and promising start for the year for Vallianz and we are looking forward to riding on the exciting opportunities that this region brings,” said Mr. Darren Yeo, Executive Director and Chief Executive Officer of Vallianz.

 

May 15, 2014

 

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