• 2015 December 7 10:07

  Vallianz wins a time charter contract of US$98 million to supply four offshore support vessels

  

  Vallianz Holdings Limited,  an established provider of  offshore support  vessels and  integrated marine  solutions to the oil and gas industry,  has  won a time charter contract valued at up to US$98 million to supply four offshore support vessels, the company said in its press release.  The contract  was awarded to Vallianz  by an existing  state - owned  customer in the Middle East,  which is one of the world’s largest national oil companies. 

  The four OSVs  are  Anchor Handling Tug  Supply vessels equipped with Dynamic Positioning 2 (“DP2”) capabilities and will commence  operations at the NOC’s oil fields in the first quarter of 2016 for a period of  up to  five years. This  latest contract win boosts the Group’s chartering services order book to over US $ 1 billion , which  comprises mainly long term  time  charters that stretch up to 2022.

  With the deployment of these four  AHTS  vessels , Vallianz will have a to tal of 28 OSVs supporting the  offshore oil and gas  activities  of the NOC in 2016. This includes  earlier contracts awarded by the NOC  for  two self - elevating platform vessels  as well as a  specialised  offshore floating storage and supply  vessel  that  is  scheduled to commence operations in early 2016.

  Vallianz is  presently  bidding for charter contracts  with a combined  value of US$ 1.8  billion mainly for  projects located in the Middle East. The  Group expects the new time charter  contract to begin contributing to  its financial performance  from the next financial year ending 31 December 2016. 

  About Vallianz Holdings Limited

  Vallianz Holdings Limited is an established provider of offshore support vessels and integrated offshore marine  solutions to the oil and gas industry. Headquartered in Singapore, the Group provides offshore marine services to oil  majors and national oil companies worldwide. Today, Vallianz owns a young fleet of  40 offshore  support vessels and  covers markets in the Middle East , Asia Pacific  and  Latin America. To strengthen its foundation for growth, the  Group is currently executing initiatives to expand its geographical reach, as well as  broaden its range of  marine  assets and solutions. 

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