Emas Offshore bags several charter deals
- Business & Finance
Singapore’s offshore vessel supplier Emas Offshore has informed that it has secured several new contracts worth up to $32 million in total.
Emas said these new charters will see its Anchor Handling Tug, Anchor Handling Tug and Supply and Platform Supply vessels supporting National Oil companies (“NOCs”), International Oil companies (“IOCs”) and other offshore contractors on drilling operations and cargo supply runs for offshore oil field projects in their production phases.
Emas said the vessels would be deployed in Malaysia, Thailand, Myanmar and Vietnam, as well as in West Africa region.
Adarash Kumar, Chief Executive Officer of EMAS Offshore said: “Despite weakness in the offshore support sector and the ongoing volatility in oil prices, our team is working hard to keep utilisation at a sustainable level. These contract wins are a testament to the team’s ongoing efforts as well as the strength of our offerings in Southeast Asia and West Africa. Moving forward, we aim to further improve utilisation rates and operational efficiencies to tide us through this challenging period.”