Pacific Radiance Ltd. (SG:RXS) has released an update.
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Pacific Radiance Ltd. has secured substantial contracts worth approximately $40.8 million for the charter of two vessels, Crest Station 1 and Crest Mercury 2, with a major oil company in the Middle East. The contracts, which include options for extension, will support the UAE’s offshore energy projects, with Crest Station 1 providing accommodation and operational support for over 400 personnel. This achievement reinforces Pacific Radiance’s status as a key player in the offshore marine services sector and enhances its presence in the Middle Eastern market.
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