Pacific Radiance re-enters Middle East with US$68m in multi-year contracts

Singapore

MAINBOARD-listed offshore support vessel (OSV) owner-operator Pacific Radiance has re-entered the Middle East with US$68 million (S$98 million) of new multi-year contracts.

Pacific Radiance said an undisclosed client has signed up five of its vessels for multi-year contracts plus options. These OSVs, which were previously off-hire, have already started work on production campaigns in the Arabian Gulf.