Vallianz Holdings, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has clinched a time charter contract valued at up to US$98 million ($137 million) to supply four offshore support vessels.
The contract was awarded to Vallianz by an existing state-owned customer in the Middle East, one of the world’s largest national oil companies (NOC).
The four OSVs are Anchor Handling Tug Supply vessels and will commence operations at the NOC’s oil fields in 1Q2016 for up to 5 years.
This latest contract win boosts the group’s chartering services order book to over US$1 billion, which comprises mainly long-term time charters that stretch up to 2022.
Vallianz is presently bidding for charter contracts with a combined value of US$1.8 billion, mainly for projects located in the Middle East.
The group expects the new time charter to begin contributing to its financial performance from the next financial year ending Dec 31, 2016.
Vallianz last traded at 4.8 cents on Dec 3.
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The contract was awarded to Vallianz by an existing state-owned customer in the Middle East, one of the world’s largest national oil companies (NOC).
The four OSVs are Anchor Handling Tug Supply vessels and will commence operations at the NOC’s oil fields in 1Q2016 for up to 5 years.
This latest contract win boosts the group’s chartering services order book to over US$1 billion, which comprises mainly long-term time charters that stretch up to 2022.
Vallianz is presently bidding for charter contracts with a combined value of US$1.8 billion, mainly for projects located in the Middle East.
The group expects the new time charter to begin contributing to its financial performance from the next financial year ending Dec 31, 2016.
Vallianz last traded at 4.8 cents on Dec 3.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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