Vallianz will deploy submersible vessels, pipe carriers, platform supply vessels (PSVs), anchor handling tug supply (AHTS) vessels and cargo barges in Latin America from the third quarter of this year and in 2015 under the contract.
The offshore services firm will also offer a full suite of offshore marine support services including mobilisation, demobilisation, marine logistics support and operational services.
The latest contract win has brought Vallianz’s orderbook to a new record of $524m.
“Global offshore oilfield related investments are forecast to grow strongest in Latin America over the next few years, with E&P spending forecast to increase to $84bn in 2014, representing a 12.8% growth over 2013,” said Darren Yeo, executive director and ceo of Vallianz.
“Demand for offshore supply vessels in South America is one of the fastest growing globally, with a forecast compounded annual growth rate of 10.3% from 2013 to 2018,” he said.
Meanwhile, Singapore-listed Vallianz announced a first quarter net profit of $5.5m, soaring from $1.3m in the same period of 2013.
Revenue also rose over 10 times year-on-year to $27.7m with charter revenue contributing 89% of the group’s quarterly revenue.
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