Vallianz

Vallianz: Vallianz announced that its has submitted an aggregate US$1.2b worth in bids for projects in Asia, Middle East, Latin America and Africa. To support upcoming projects, Vallianz intends to further expand its fleet by almost five-fold over the next two years from the current five vessels, comprising a range of vessel types. The expansion will be supported by collaboration agreement with a Chinese shipyard, which Vallianz has the right of first refusal with on the vessels constructed, in exchange for market intel. Revenue over the next five years will be underpinned by its vast order book of US$470m. By simple averaging, this equates to US$23.5m over each of the next 20 quarters, compared to US$20m that Vallianz reported from its latest financial year.