Vallianz diversifies with Ulstein

Singapore: Offshore player Vallianz Holdings is adding platform supply vessels of Ulstein P128 and PX128 designs. The new PSVs are the first of its kind in the world and charts the start of the modernisation and diversification for Vallianz’s current fleet of 28 vessels.

Two Ulstein P128 vessels have been acquired and will be delivered within the next six to 12 months as part of the planned expansion programme of 24 vessels as announced by Vallianz in April 2014. Separately, an addition of ten PX128 vessels will be added to the Vallianz fleet subsequently.

Darren Yeo, ceo of Vallianz, said: “Vallianz is currently bidding for up to $1.2bn in projects across Asia, Middle East and Latin America. With the addition of these Ulstein PSVs, Vallianz will be in a position to potentially capitalise on new opportunities in new regions such as Europe, Gulf of Mexico and Africa. We are setting our sights on new markets and in this regard, are continuing to deepen management bandwidth and vessel capabilities.”  [26/05/14]

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