Vallianz scores new charter contracts worth up to US$ 115 million for 4 vessels
Vallianz Holdings Limited, an established provider of offshore support vessels (“ OSV ”) and integrated marine solutions to the oil and gas industry, has secured long- term charter contract s valued at up to US$ 115 million in total for four vessels. These contracts were awarded by a national oil company in the Middle East, as well as two offshore marine services companies based in Egypt and Turkmenistan respectively.
The contracts also marked Vallianz ’s entry into two new markets in the Middle East and Central Asia. The Group clinched its first contract with an Egyptian company for a three- year charter of one OSV which has commenced operations in the Red Sea. The Group will also be commencing charter of another OSV at the end of May 2017 under a new contract secured with an offshore chartering company based in Turkmenistan.
This OSV will be deployed in the Caspian Sea for three years. Under its contracts with the NOC, the Group will supply two maintenance and accommodation OSVs for five years, with the customer having an option to extend the charter for another two years. These vessels will be used to support the NOC’s maintenance operations and accommodation requirements for its offshore oil and gas activities in the Arabian Gulf.
These two vessels, which will be added to the Group’s current fleet of 52 OSVs , are scheduled to commence charter progressively from the first half of the fin ancial year ending 31 March 2018.
About Vallianz Holdings Limited
Vallianz Holdings Limited is an established provider of offshore support vessels and integrated offshore marine solutions to the oil and gas industry. Headquartered in Singapore, the Group provides offshore marine services to oil majors and national oil co mpanies worldwide. Today, Vallianz owns and operates a young fleet of 52 offshore support vessels and covers markets in the Middle East, Asia Pacific and Latin America. To strengthen its foundation for growth, the Group is currently executing initiatives to expand its geographical reach, as well as broaden its range of marine assets and solutions. The Group also continues to seek opportunities and strategic alliances to increase its penetration in the major and emerging offshore oil and gas markets. Listed on SGX - Catalist, Vallianz is helmed by an experienced management team.
