Vallianz makes its first forays into the Mexican and West African markets

SINGAPORE - Vallianz Holdings Limited, which provides offshore support vessels and integrated marine solutions to the oil and gas industry, is continuing to expand its global reach by clinching Letters of Award and new charter contracts with total value of US$64 million in Mexico, West Africa and the Asia Pacific region.

The company, which is listed on SGX-Catalist, will be supplying vessels ranging from anchor handling tug supply vessels (AHTS), platform supply vessels (PSV) and barges for periods of up to 3 years.

Chief Executive Officer of Vallianz, Mr Darren Yeo said, "These Letters of Award and new charter contracts mark our entry into Mexico and West Africa which is in line with the Group's strategy to diversify our geographical presence."

The contracts are expected to contribute positively to the Group's financial performance from its next financial year ending 31 December 2015.