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An update from Pacific Radiance Ltd. ( (SG:RXS) ) is now available.
Pacific Radiance Ltd. has secured a series of new marine engineering projects worth about S$11 million, including retrofit and upgrading work on an offshore support vessel for a regional fleet operator, decommissioning work on a platform supply vessel for a major oilfield services company and conversion of an offshore vessel into a shallow water trencher support vessel for a European infrastructure conglomerate. The contracts, which run through to the fourth quarter of 2026, reinforce the group’s competitiveness in specialised vessel modification and decommissioning while boosting its order book and revenue visibility, with the company noting that no directors or controlling shareholders have any interests beyond their shareholdings.
More about Pacific Radiance Ltd.
Pacific Radiance Ltd. is a Singapore-based provider of marine services to the offshore energy sector, focusing on offshore support vessels and related marine engineering solutions. The group specialises in vessel retrofit, upgrading, decommissioning and conversion work, serving customers across Southeast Asia, the Middle East and Europe in offshore support, oilfield services and marine infrastructure.
Average Trading Volume: 1,938,153
Technical Sentiment Signal: Hold
Current Market Cap: S$136.8M
See more insights into RXS stock on TipRanks’ Stock Analysis page.