Vallianz wins $150m PSV charter contract

Singapore: Singapore-based Vallianz Holdings has bagged a $150m PSV charter contract from a Middle East company.

Mr. Darren Yeo, executive director and ceo of Vallianz said, “We are delighted that we have won charter contracts from a leading company in the Middle East. These contracts boost the current outstanding orderbook by 45% to US$485m, it also underscores Vallianz’s rising vantage position in this niche segment of the offshore services industry.” 

“Steering forward for future growth, Vallianz will unwaveringly continue in our strategy to pursue mid to long-term charters in the Middle East and the Asia Pacific,” Yeo added.

The PSVs will be chartered out from the first quarter of 2014 for five years, including option of extension. [27/11/13]

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