A major international oil firm will take the recently deliveredmaintenance work vessel (MWV) for up to seven years including extensions.
Pang Yoke Min, executive chairman, said: “This latest winreinforces Pacific Radiance's firm standing in the sector and underlines our strategyto add larger and more sophisticated vessels while keeping our fleet diverseand relevant to market trends.
“Furthermore, our strategic newbuild programme places theGroup in a prime position to widen our footprint in Asia as well as makeinroads into our target markets in Africa, Australia, South and Central Americawhere E&P spending is expected to rise."
