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Icon nets USD 12.3m-worth of OSV work in Malaysia

11th December 2014

Icon Offshore has been awarded three OSV service contracts in Malaysia worth a combined sum of around USD 12.3m

Icon nets USD 12.3m-worth of OSV work in Malaysia

Icon’s Malaysian subsidiary, Icon Offshore Group Sdn Bhd, has been contracted by EQ Petroleum Production Malaysia for the provision of one unit straight supply vessel (SSV).

The SSV contract is for a firm period of two years with an option to extend the hire by a further year and is expected to commence in early December 2014.

Icon Offshore also has bagged a contract extension with an established oil major for the provision of one utility tug vessel (UV), and a contract extension for one anchor handling tug/supply vessel (AHTS).

The UV contract is a year extension from the previous long term charter. The letter of extension was received in November 2014 and the contract commenced in October 2014.

The AHTS contract is a 134 days extension from the previous charter and is expected to commence in early December 2014.

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