Vallianz wins $64m of support vessel contracts in Mexico and West Africa markets

21 October 2014 (Last Updated October 21st, 2014 18:30)

Offshore support vessels provider Vallianz Holdings has secured letters of award and new charter contracts worth $64m in Mexico, West Africa and the Asia Pacific region.

Offshore support vessels provider Vallianz Holdings has secured letters of award and new charter contracts worth $64m in Mexico, West Africa and the Asia Pacific region.

Under these contracts, Vallianz will be responsible for delivering anchor-handling tug supply vessels (AHTS), platform supply vessels (PSV) and barges for periods of up to three years.

The deals also include supplying vessels for various projects in the Asia Pacific region.

"Vallianz will be responsible for delivering anchor-handling tug supply vessels (AHTS), platform supply vessels (PSV) and barges." 

Vallianz CEO Darren Yeo said: "Our success in securing these contracts can be credited to our team’s unrelenting efforts to develop the group’s presence in these two fast growing offshore oil and gas exploration markets, which will pave the way for Vallianz to make further inroads in these key markets."

Recently, Vallianz signed a contract with China’s Sinopacific Shipbuilding Group for the construction of four SPA60 vessels.

The new-builds are expected to be delivered between the end of this year and beginning of 2015, and will expand the company’s fleet of 29 modern offshore support vessels (OSVs).

Vallianz plans to expand its fleet to up to 50 vessels by 2016, and widen its range of vessel offerings, the company said.