Pacific Radiance wins $59m worth of offshore vessel contractsPacific Radiance wins $59m worth of offshore vessel contracts

Singapore-listed Pacific Radiance said the contracts involve vessels ranging from tugs and barges to anchor handling tugs (AHT), and anchor handling tug supply (AHTS) vessels to a specialised saturation diving support vessel (DSV). The company, however, did not reveal the specific number of vessels involved.

The company also secured a long term contract on its floating storage and offloading (FSO) vessel to undertake an assignment in Asia.

“The diversity of our fleet gives us a distinctive competitive edge in our market segment as clients prefer service providers who are able to offer more than one vessel type, as they week to cover a broad spectrum of needs,” said James Pang, managing director of commercial and business development of Pacific Radiance.

Pacific Radiance currently owns and operates a fleet of more than 130 offshore support vessels.