Vallianz inks $21 mln vessel deal

Singapore

SINGAPORE, January 7, 2016 – Vallianz Engineering has signed a $21.8 million purchase agreement to acquire two new-build vessels, the Vallianz Holding subsidiary announced in a Thursday statement.

The new agreement will see that Vallianz acquire two new-build anchor-handling tug supply vessels for $19.6 million in cash. The company will pay the remainder through its shares. The seller of the vessels has not yet been disclosed.

The agreement follows Vallianz’s $98 million charter contract signed in December 2015 for the provision of four offshore support vessels to a client in the Middle East.

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