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