Vallianz clinches $64m deal to supply OSVs

The OSV provider will be supplying vessels ranging from AHTS vessels, PSVs and barges for periods of up to three years.

“These letters of award and new charter contracts mark our entry into Mexico and West Africa which is in line with the group’s strategy to diversify our geographical presence,” said Darren Yeo, ceo of Vallianz.

The new contracts also include the supply of OSVs to projects in Asia Pacific.

Meanwhile, Singapore-listed Vallianz disclosed that it is targeting an EBITDA of $7m from 1 November 2014 to 31 December 2015, in relation to its $27.7m acquisition of OER Holdings, a supplier of crew and related hospitality services to the offshore industry.