Vallianz will provide platform supply vessels (PSVs) to the charterer from the first quarter of 2014 for a period of five years, including option of extension.
“These contracts boost the current outstanding orderbook by 45% to $485m, it also underscores Vallianz's rising vantage position in this niche segment of the offshore services industry,” said Darren Yeo, executive director and ceo of Vallianz.
“All these augur well for Vallianz’s young and best-in-class vessel fleet of 26 offshore marine vessels. In view of the rising demand for offshore marine vessels, we also intend to boost our vessel fleet to 50 vessels by 2016,” Yeo said.
The company is also expected to pursue mid to long term charters in the Middle East and Asia Pacific.
“Vessel chartering for PSVs in particular, are in high demand by exploration and production companies. In comparison to other vessels, it is more economical to use PSVs due to its fuel efficiencies and capabilities in deeper waters,” Yeo said.
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