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Vallianz cruises along in Q1 despite choppy waters
Net profit rises 5% while revenue more than doubles; group actively bidding for new contracts worth US$1.2b
Published Mon, May 11, 2015 · 09:50 PM
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Singapore
OFFSHORE support vessel (OSV) owner Vallianz managed to stay afloat in the first quarter despite choppy waters in the offshore support services industry, where low oil prices have dampened OSV charter rates and fleet utilisation levels.
However, i…
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