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).