Singapore-listed offshore support vessel supplier Vallianz Holdings Ltd reported today a steady net profit in the first quarter of USD $5.5 million, despite utterly dismal market conditions globally within the offshore E&P sector. The company's EBITDA increased 78.0% to US$19.84 million as compared to US$11.1 million in the corresponding quarter last year. Vallianz' CEO Mr … [Read more...]
Vallianz Makes Inroads into Chinese Offshore Market with New Collaboration Agreement
Singapore-based offshore marine service provider Vallianz Holdings Ltd announced today a collaboration agreement with China Offshore Oil Engineering Co (COOEC), the largest offshore engineering and construction company in China. Under the three-year agreement, Vallianz will support COOEC's offshore construction operations through the charter or subcontracting of offshore … [Read more...]
Vallianz Gets Planted into Middle East Market with $334 Million in Orders
Vallianz Holdings Ltd, a Singapore-based offshore services provider has joined forces with Rawabi Holdings to create a new Saudi Arabian-based subsidiary focused on providing offshore marine services in the Middle East. With this new partnership, "Vallianz’s vessel fleet is strengthened to a fleet of 22 offshore support vessels, our orderbook is propelled over 27 times … [Read more...]