Miclyn Express Offshore (“MIO”) announces that two Offshore Support Vessels (“OSVs”), the Miclyn Grace and Miclyn Grand, have been awarded five year contracts to act as Multipurpose Vessels for Saudi Aramco in Saudi Arabia.
The vessels are currently serving out their existing charter contracts in Thailand and Qatar respectively and will commence the new charters in early 2012 on stronger day rates. The aggregate value of the two contracts is US$33 million.
CEO Diederik de Boer said “Miclyn has been providing Crew/Utility Vessel services to Saudi Aramco for some time and we are delighted to extend this important relationship into OSV services. This long term contract supports our overall fleet strategy of maximising utilisation”.
