Pacific Radiance scores charter contracts worth $59m

Singapore: Singapore-listed Pacific Radiance announced that it has sealed $59m in charter contracts with repeat clients.
The company said the contracts involve vessels including tugs and barges, as well as anchor handling tug supply vessels and a specialized saturation diving support vessel, but it didn’t reveal the specific number of the vessels involved.

The group also won a long-term contract for its floating storage and offloading vessel to undertake an assignment in the region.

"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 seek to cover a broad spectrum of needs," said Mr James Pang, Pacific Radiance's managing director of commercial and business development. [10/02/14]

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