Vallianz closes Singapore yard

OE Staff
Friday, January 6, 2017

Singaporian vessel operator Vallianz has ended operations at its Singapore shipyard, due to the industry slowdown and discontinuation of business with a key customer, the firm has said.

The move was part of an ongoing strategic review "to mitigate the challenges of slower market conditions in the offshore and marine industry." 

Vallianz will focus its energies and resources on its core vessel chartering business and it will consolidate its yard operations at its marine base in Batam, Indonesia.

"These initiatives will enable the group to concentrate its

resources on core business units, particularly its profitable vessel chartering operations which are based primarily in the Middle East," said Vallianz.

Categories: Shipping

Related Stories

US Judge Proposes CITGO Auction Solution

UK Approves Five Subsea Power Cable Projects

SLB to Simplify Complex Wells Drilling with Stream Telemetry Service

Current News

Danos Leaders Recognized in “40 Under 40” Lists

ExxonMobil to Drill for Gas Off Cyprus in January

Mocean Energy Raising Funds to Advance Wave Energy Tech

Seadrill’s Drillships Getting Ready to Start Work Off Brazil

Subscribe for OE Digital E‑News