Australian stock exchange-listed Miclyn Express Offshore has placed two of its offshore support vessels with Saudi Aramco.

Miclyn bank new charters
The contracts, worth $33m, will be in the Middle East and run for five years beginning early next year, according to the company.

The two ships on hire to Saudi Aramco are Miclyn Grace and Miclyn Grand.

In addition to the new charters, the operator has extending its credit line.