Pacific Radiance bags long-term charter deal worth over US$140m

Singapore

PACIFIC Radiance has secured a long-term charter contract worth more than US$140 million, including extension options, for one of its vessels.

Under the contract, which was secured by the group's joint venture DOT Radiance, the vessel will be chartered to a new client to perform offshore support services in a key emerging market. The vessel is in its early stage of construction and is expected to be delivered in 2016/2017.