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Offshore Support Vessels (OSVs)

Vallianz announces new contract wins worth up to $160 mil

SINGAPORE (May 23): Vallianz Holdings has secured long-term charter contracts valued at up to a total of US$115 million ($160 million) for four vessels, which were awarded by as two offshore marine services companies based in Egypt and Turkmenistan respec

May 23, 2017

Results

Vallianz sinks into FY17 loss of US$159 mil on exceptional expenses

SINGAPORE (May 22): Vallianz Holdings, the provider of offshore support vessels (OSVs) and integrated offshore marine solutions to the oil and gas (O&G) industry, announced losses of US$159.4 million for the 15 months ended March 31, compared to FY15 ende

May 22, 2017

Nam Cheong announces over $300 mil in liabilities; mulls restructuring

SINGAPORE (April 24): Nam Cheong, the OSV builder has revealed the extent of “various obligations” owed to financial lenders and trade creditors that have fallen due, and that it expects to fall due.

April 24, 2017

Broker's Calls

PACC Offshore gets an upgrade amid tough industry times

SINGAPORE (April 12): OCBC has upgraded PACC Offshore Services Holdings (POSH) from “sell” to “hold”, with a higher fair value estimate of 33.5 cents.

April 12, 2017

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