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Icon wins Petronas Carigali spot charter contract

Icon wins Petronas Carigali spot charter contract
Icon Offshore has made a breakthrough, winning six of the eight packages offered by Petronas Carigali under an umbrella contract for the provision of spot charter of marine vessels, Icon said.

The company said its Icon Offshore Group unit had secured the two-year contract with a one-year extension option for the provision of marine vessels in the categories of anchor-handling tug/supply vessel, straight supply vessel, platform supply vessel, utility vessel, workboat and work barge. No contract value was provided as the services will be provided on a spot basis but Icon expects the contract to boost its order book while providing some stability amid the current market weakness.

“The contract is a significant achievement for us, as it has only been awarded to 21 players in the sector, which make up approximately 20% of the contractors operating in the Malaysian industry,” said Icon Offshore ceo Jamal Yusof.

“This will ensure that for the next three years, including the one-year option period, all spot contracts from Petronas will only be awarded to these 21 players.”