Vallianz secures $81.5m worth of new charter contracts

It has also completed its acquisition of OER Holdings.

Vallianz Holdings has clinched Letters of Award and new charter contracts with total value of $81.52m (US$64 million) in Mexico, West Africa and the Asia Pacific region.

The Group will be supplying vessels ranging from anchor handling tug supply vessels (AHTS), platform supply vessels (PSV) and barges for periods of up to 3 years. 

The new contracts also include the supply of vessels to projects in Asia Pacific which further entrenches the Group’s position in the region. The contracts are expected to contribute positively to the Group’s financial performance from its next financial year ending 31 December 2015. 

Vallianz also revealed that it has completed its acquisition of OER Holdings. The move was first announced on September 30.