Singapore’s EMAS Offshore has announced that it has secured new awards and letter of intents for charters amounting to approximately $32 million including options since the start of the third quarter.
These new charters will see an AHT, AHTS and PSV supporting drilling operations and cargo supply runs for offshore oil field projects in their production phases.
Concentrated in Malaysia, Thailand, Myanmar and Vietnam, these contracts also comprise of awards from the West Africa region.
“Despite weakness in the offshore support sector and the ongoing volatility in oil prices, our team is working hard to keep utilisation at a sustainable level. These contract wins are a testament to the team’s ongoing efforts as well as the strength of our offerings in Southeast Asia and West Africa. Moving forward, we aim to further improve utilisation rates and operational efficiencies to tide us through this challenging period,” said Captain Adarash Kumar, chief executive officer of EMAS Offshore.