It said the offshore support ship is chartered to a repeat client for five years under a contract worth $70m, including extension options.
The vessel will work in south east Asia, staying in line with the company’s strategy to focus on emerging markets.
Pang Yoke Min, executive chairman of Pacific Radiance, said: “The quick deployment of this vessel despite the current oil price weakness attests to our robust business model of building and operating a relevant and diverse fleet that meets a wide range of market needs.
“We
