Vallianz enters Latin America market with $82.0 million C&SM contract

Vallianz Holdings Limited (“Vallianz” or “the Company”), an integrated offshore marine solutions provider in the offshore oil and gas industry, through its subsidiary, has received a Letter of Award (“LOA”) for the provision of Charter and Ship Management services worth US$82.0 million to a major offshore construction company. The LOA excludes any variation or additional works to be negotiated later, the Company said Thursday in a press release.
 
For this award, vessels including Submersible Vessels, Pipe Carriers, Platform Supply Vessels (“PSV”), Anchor Handling Tug Supply Vessels (“AHTS”) and cargo barges will be deployed in Latin America from 3QFY2014 to FY2015. Vallianz will also provide a full suite of offshore marine support services, including mobilisation, demobilisation, marine logistics support and operational services.
 
Commented Mr. Darren Yeo, Executive Director and Chief Executive Officer of Vallianz: “We are pleased to be awarded our first charter and ship management LOA for 2014, which augments our current order book to another new record of US$524.0 million. This Latin America award is a strong and promising start for the year for Vallianz and we are looking forward to riding on the exciting opportunities that this region brings.

About Vallianz Holdings Limited
 
Vallianz Holdings Limited (“Vallianz” or “the Company”) is an integrated offshore marine solutions services provider in the oil and gas industry that is listed on SGX-Catalist in Singapore. The Company provides offshore marine services to oil majors and national oil companies worldwide. Headquartered in Singapore, Vallianz has established its geographical footprint in Asia Pacific, the Middle East and Latin America. Vallianz is spearheaded by an experienced Board and management team. Vallianz will continuously develop and sharpen its technical expertise to build upon the Group’s robust business model.