Vallianz Holdings Limited, an integrated offshore marine solutions provider in the offshore oil and gas industry, through its subsidiary, has been awarded US$150 million worth of chartering contracts by a leading company in the Middle East. Platform Supply Vessels ('PSVs') will be chartered out from the first quarter of 2014 for 5 years, including option of extension.

Commented Mr. Darren Yeo, Executive Director and Chief Executive Officer of Vallianz: 'We are delighted that we have won charter contracts from a leading company in the Middle East. These contracts boost the current outstanding orderbook by 45% to US$485 million, it also underscores Vallianz's rising vantage position in this niche segment of the offshore services industry.'

Tags: Vallianz Holdings Limited