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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


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, its gross profit margin