Singapore offshore shipowner Vallianz Holdings has bagged long-term contracts for four vessels worth $115m, including newbuildings.

The company said the deals involve a national oil company in the Middle East and two offshore marine services companies in Egypt and Turkmenistan.

"The contracts also marked Vallianz’s entry into two new markets in the Middle East and central Asia," it said.

The unnamed Egyptian company has taken an OSV for three years in the Red Sea.