Pacific Radiance clinches deals worth US$59m

MAINBOARD-listed Pacific Radiance said yesterday it recently secured a series of charter contracts totalling US$59 million from repeat clients.

While the integrated offshore marine company declined to name the clients or projects, a spokeswoman said it had secured these contracts from December 2013 to January 2014.

They involve vessels ranging from tugs and barges to anchor handling tugs, and anchor handling tug supply vessels to a specialised saturation diving support vessel (DSV), all of which will be deployed for oil and gas projects in Asia.