Icon Offshore secures accommodation workboat contract

Malaysian operator Icon Offshore has secured a long-term charter contract for an accommodation workboat from Brunei’s SPHI Marine.

The contract will commence on March 1 for a period of three years with an option for an extension period of up to two years. The total contract value is about RM72.06m ($16.2m).

In January, Malaysian offshore drilling services company UMW Oil & Gas entered into a deal to acquire 42.3% shares of Icon Offshore and 95.5% shares of tanker operator Orkim from Ekuinas. UMV explained the rationale behind the acquisitions as an opportunity to spearhead the call for industry consolidation.

The consolidation of the three companies is expected to create a fleet of seven jack-up rigs, one semi-submersible rig, 37 OSVs, 14 clean petroleum product vessels and two liquefied petroleum gas marine transportation vessels.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
Back to top button