Miclyn Express Offshore announced that it’s Thai Joint Venture, Uniwise Offshore, has placed an order for two 90t bollard pull AHTS. The vessels will be constructed over an 18 month period in an external shipyard on attractive payment terms. The vessels are targeted for long term deployment with their core customers in Thailand who have [...]
January 18, 2013 | Posted in
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Miclyn Express Offshore Limited (MIO) announced today that Saudi Aramco has awarded the Company contracts for three Crew/Utility Vessels. In line with its fleet renewal strategy, MIO has also exercised an option under an existing agreement with a Singapore Shipyard to purchase an additional two new Crew/Utility Vessels. The new vessels will be delivered in [...]
Miclyn Express Offshore (MIO) has recently concluded a US$45 million upsize of its Term Loan Facility. A significant proportion of the proceeds will be used to reduce the balance of the Company’s Revolving Credit Facility, providing flexibility for future investment in fleet expansion. The interest margin for the upsized facility remains at 2.75% + LIBOR. [...]
![Singapore: Miclyn Express Enters Agreement to Purchase Four New Crew/Utility Vessels]()
Miclyn Express Offshore has entered into an agreement to purchase four new Crew/Utility Vessels from a Singaporean shipyard. Two vessels will be delivered in December 2011, with the remaining two to be delivered in April 2012. Samson Supporter and Samson Supplier These vessels are targeted for deployment in the Middle East and South East Asia [...]
