Vallianz clinches $127m charter award in the Middle East

Its order book now stands at $822.2m.

Mainboard-listed Vallianz Holdings has secured a time charter award worth $127.3m (US$97m) with one of the world’s largest national oil companies in the Middle East.

Under the award, Vallianz will supply a specialised vessel for up to five years from the third quarter of 2015 to support the NOC’s oil and gas production activities in the Middle East.

This award, which is subject to formalisation, adds to Vallianz’s ongoing contracts in the Middle East where it presently deploys 21 offshore support vessels. With this award from the NOC, the Group’s order book will be strengthened to $822.2m (US$626.4m). 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!