Tanjung Offshore grabs offshore vessels charter contract

Kuala Lumpur: Tanjung Offshore clinched a charter contract worth around RM27m ($8.6m) to provide three offshore support vessels to oil firm Petronas Carigali.

The contract, affirmed last Thursday, is for a period of between three months to two years effective October and November this year.

In the event the contract is renewed during the option period, the contract charters will be determined at the then charter rate, Tanjung Offshore stated.

Kuala Lumpur-listed Tanjung Offshore said the contract is expected to contribute “positively to the earnings and net assets... for the financial years ending 31 December 2011 to 31 December 2013.”

Story from www.seatrade-asia.com.

  1. "Asia continues to be a driving force in offshore oil and gas - be it through demand, construction of vessels, finance or production. The region will, to a large degree, probably determine the future direction of the sector." Per M. Ristvedt, Managing Partner - Wikborg Rein Singapore

    “Offshore craft supporting the oil and gas sector in general will continue to see an increase in employment as energy needs in the region grow. Crew retention and competency will be just one of a number of challenges facing the OSV’s industry." Steven Randall, General Manager, Shipowners Club Singapore branch


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