Vallianz secures US$82m contract in Latin America

OFFSHORE marine solutions provider Vallianz Holdings has made inroads into the Latin-American market through a charter and ship management contract.

The Catalist-listed company received a Letter of Award (LOA) for the provision of charter and ship management services worth US$82 million to a major offshore construction company. The LOA excludes any variation or additional works to be negotiated later.

Vallianz will deploy vessels, including submersible vessels, pipe carriers, platform supply vessels (PSVs), anchor handling tug supply (AHTS) vessels and cargo barges, in Latin America from the third quarter of 2014 until next year.