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

Singapore

OFFSHORE support vessels provider Vallianz Holdings has secured new charter contracts worth up to US$115 million for four vessels, with two of them in new markets. These contracts bring Vallianz's outstanding chartering services order book to about US$1.03 billion, Vallianz said in a release to the Singapore Exchange on Tuesday after market close. The contracts comprise primarily long-term charters which include two-year extension options stretching up to 2025.

One of the new markets that Vallianz is entering is Egypt, where it has clinched a three-year charter with an offshore marine services company for one vessel which has commenced operations in the Red Sea.