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.
More content from Singapore
Latest news and features
Latest Reports
Sign up to receive our newsletter and energy event alerts and receive free access to The Oil & Gas Year Nigeria 2020