Singapore Stock Market News
Vallianz Holdings Limited - Royal affairs
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Publish date: Mon, 20 Jul 2015, 11:01 AM
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Out of Vallianz' fleet of 39 OSVs, 25-26 units are chartered to Saudi Aramco, via its 50:50 JV with Rawabi Holdings on 3-5 years' contracts. According to management, Rawabi-Vallianz is Saudi Aramco's preferred supplier for oil & gas equipment. The latest US$300m contract to provide two liftboats is a case in point.
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