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EMAS Offshore updates value of charter contracts

EMAS Offshore updates value of charter contracts
Singapore’s EMAS Offshore Limited has updated that its contracts for charters secured between 1 June to 30 November this year have amounted to approximately $93m including options.

Singapore-listed EMAS Offshore said $61m was awarded during the period from 1 September to 30 November, and the remaining $32m was awarded between 1 June to 31 August.

These new charters will see EMAS Offshore’s AHT, AHTS and PSV vessels supporting national oil companies, international oil companies and oil majors on various projects in Southeast Asia, India and West Africa of various contract durations from less than a month to three years firm.

“While the group has been able to secure contracts, we expect the market environment to remain challenging,” said Adarash Kumar, ceo of EMAS Offshore.

“While we are expanding our presence in West Africa, Asia Pacific will still remain our main market. We remain committed to maintaining our rate of vessel utilisation,” he added.

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