Pacific Radiance

Pacific Radiance: Has bagged contract for up to US$100m for its latest maintenance work vessel (MWV) which is also the first of 14 newbuilds scheduled for delivery in FY14. The MWV will be chartered to an international oil major for up to seven years, including extensions. The MWV, which will be deployed to provide maintenance services for a project in SE Asia is expected to contribute to earnings from 2QFY14.