Singapore’s Vallianz signs OSV contracts in Egypt

Singapore’s offshore support vessel (OSV) provider Vallianz holdings says it signed its first contract agreements in Egypt and Turkmenistan. Vallianz says it “clinched its first contract with an Egyptian company for a three-year charter of one OSV which has commenced operations in the Red Sea.” Ling Yong Wah, CEO of Vallianz, says “Vallianz is one of the largest OSV providers in the Middle East and has now expanded our footprint to include Egypt.” Vallianz says it signed a total of USD 115 mn worth of contracts for four vessels between Egypt and Turkmenistan, but did not disclose the portion of the contract that was secured in Egypt.