Vallianz has announced that it has secured new charter contracts worth up to $210m, bringing its order book to a record-high $1.2bn.
The group has clinched long term charter contracts for the supply of 13 offshore support vessels to a national oil company in the Middle East for a period of up to seven years from the second half of 2016.
“With the addition of these new charter contracts in the Middle East, we have further strengthened our order book and improved the group’s future revenue visibility. Vallianz will continue to reinforce our superior market position in the Middle East where offshore oil and gas projects remain active. We are presently bidding for charter contracts with a combined value of $1.5 billion, mainly for projects located in the Middle East,” said Ling Yong Wah, ceo of Vallianz.
