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Vallianz wins new charter contracts worth up to US$115m for 4 vessels

VALLIANZ Holdings said on Tuesday that it has secured long-term charter contracts valued at up to US$115 million for four vessels.

The contracts were awarded by a Middle East national oil company and two offshore marine services companies based in Egypt and Turkmenistan, marking Vallianz's entry into two new markets in the Middle East and Central Asia.

The new contracts will lift Vallianz's order book to US$1.03 billion, comprising long term contracts stretching up to year 2025.

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