Pacific Radiance secures $140M contract Worth for vessel to be delivered In 2016/17 (Scandinavian Oil-Gas Magazine)

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Pacific Radiance secures $140M contract Worth for vessel to be delivered In 2016/17

Published Nov 21, 2014

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Pacific Radiance Ltd. has secured a long term charter contract worth over US$140 million, including extension options, for one of its vessels ahead of its expected delivery in 2016/17.

Under the contract, which was secured by the Group's joint venture, DOT Radiance Pte. Ltd., the vessel will be chartered to a new client to perform offshore support services in a key emerging market. The vessel is in its early stage of construction.

Mr Pang Yoke Min, the Executive Chairman of Pacific Radiance, said: “To have a contract signed for a vessel two to three years ahead of its delivery affirms our strong industry network as well as understanding of our clients' needs to build market relevant vessels.

Tags: Pacific Radiance Ltd.

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