Pacific Radiance secures $59M worth of charter contracts

Pacific Radiance Ltd. has recently secured $59 million worth of charter contracts with repeat clients.

The Singapore-based provider of offshore marine services said that the latest wins involve vessels ranging from tugs and barges to anchor handling tugs (AHT), and anchor handling tug supply vessels (AHTS) to a specialised saturation diving support vessel (DSV) which will be deployed for projects in Asia. The Group also clinched a long term contract which will see its Floating Storage and Offloading (FSO) vessel undertake an assignment in the region.
James Pang, the Managing Director of Commercial and Business Development of Pacific Radiance, said: “The diversity of our fleet gives us a distinctive competitive edge in our market segment as clients prefer service providers who are able to offer more than one vessel type, as they seek to cover a broad spectrum of needs. Our strategy of providing an integrated service means that we are often able to fulfil such requirements, which gives us greater traction with our customers, as witnessed by our repeat businesses with them.”

The Group currently owns and/or operates a diverse fleet of more than 130 offshore support vessels. Its two DSVs, which support its fast-growing subsea business, are equipped with an inbuilt saturation diving system each.

 

Press Release, February 11, 2014

 

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