Vallianz’s Order Book Surges to USD 1.2 Bn

first_imgzoom Singapore-based offshore support vessel provider Vallianz Holdings Limited has secured contracts worth up to USD 210 million in total, boosting its chartering services order book to USD 1.2 billion.Specifically, in its latest batch of orders the group won long-term charter contracts for the supply of 13 offshore supply vessels (OSVs) with an undisclosed national oil company in the Middle East. The vessels will be chartered to the oil company for up to seven years.Vallianz expects the OSVs to be deployed progressively at the company’s oil fields from the second half of 2016, in accordance to its project schedule.“This new award speaks volumes of the group’s operational capabilities as the award of an entire tender comprising a large number of vessels to a single offshore marine service provider is rare and normally reserved for a contractor that has an exceptional and proven track record,” Ling Yong Wah, Vallianz’s CEO said.The contracts come after the award of a USD 63 million contract from the oil company for the charter of two anchor handling tug, supply and safety standby (AHTSS) vessels for up to 7 years.“With the addition of these new charter contracts in the Middle East, we have further strengthened our order book and improved the group’s future revenue visibility,” Ling added.The company expects the new contracts to begin contributing to its financial performance from the second half of the financial year ending 31 December 2016.Vallianz owns and operates a fleet of 42 offshore support vessels and covers markets in the Middle East, Asia Pacific and Latin America.last_img read more

Rollout of ABT failsafe brakes at Xstrata Mount Isa Mines George Fisher

first_imgFollowing a year of consultation between its engineers and staff at Xstrata Mount Isa Mines, Mount Isa has issued a formal purchase order for 96 of Advanced Braking Technology’s (ABT) SIBS fail-safe brake sets so that they may be fitted to the  entire fleet of Toyota Landcruisers used in its underground operations at the George Fisher mine. The value of the purchase order is some A$800,000 and delivery will occur prior to the end of this year.Mount Isa Mines is an established long term user of SIBS. Following a comprehensive review of its vehicle safety procedures it sought from ABT some additional product features in its SIBS brake design in order to further enhance vehicle safety and also improve operational reliability.ABT responded to the company’s requirements and has developed an upgraded brake design which it will be now offering to all its customers. The new design has been called SIBS II and incorporates a range of design improvements. These design improvements contribute to providing additional improvements in vehicle safety. An upgraded operator interface will enhance the safety and control aspects of the fail safe brake units. Other features will improve the serviceability of the brake units, extend service intervals and reduce vehicle servicing downtime.ABT’s CEO, Ken Johnsen, stated “ABT is pleased to be able to support Xstrata Mount Isa Mines as a long-term customer and one of the pioneers in adopting SIBS across its Landcruiser fleet in Australia five years ago. We have been able to respond to Xstrata’s input on areas of increased safety features and the changes implemented will be phased in as standard on ABT’s SIBS II product range. The intrinsic benefits of the SIBS design together with the new enhancements offers improved safety benefits in the reduction of uncontrolled vehicle movement through fail safe braking feature. The enclosed design minimises the risk of mal adjusted brakes and provides reliable and consistent braking in the harsh underground conditions.”last_img read more