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Miclyn bags offshore support contracts

Miclyn bags offshore support contracts
Singapore: Offshore vessels owner Miclyn Express Offshore (MEO) bagged contracts worth A$24m ($25.2m) for three vessels to support construction activities at a LNG terminal development project in northwest Australia.

MEO's subsidiary Samson Express Offshore won the contract from Saipem Leighton Consortium.

Two multicats vessels and a tugboat will be on bareboat chartered for a duration of one year firm starting July/August 2012, plus an option to extend for 183 days.

“We now have a broad range of Australian compliant vessels working on the northwest shelf. These contracts will assist in maintaining our strong levels of utilisation in the tug fleet leading into financial year 2013 as well as support earnings in our third party vessel segment,” said Diederik de Boer, ceo of MEO.

Meanwhile, MEO also announced the acquisition of a new accommodation/multipurpose support vessel to work on a medium term project in Malaysia. The vessel is also targeted for a number of long term contract opportunities shaping up in the region, the company said.