Jaya Holdings sealed 3 deals worth US$60 million

Charters are for up to 3 years.

In a release, Jaya Holdings Limited, announced that the Group has signed contracts for three of its four new build platform supply vessels (PSVs) well ahead of their delivery dates from the shipyard. The total value of these three contracts is more than US$60 million, including optional extension periods.

Jaya’s first high specification PSV “Jaya Valour” will deliver at the end of next month (July) and has been fixed into a time charter contract for up to three years in South East Asia with an existing customer undertaking fracturing work.

“Jaya Valour” has more than 1,000 square metres of clear deck space, fire fighting capability and dynamic positioning to DP-2 class. The vessel has accommodation for up to 60 people on board including workout equipment and an internet café.

The vessel has the capacity to carry up to 4,800 tons of cargo deadweight and her cargo capacities will be utilised in the carriage and pumping of brine and specialised fracturing proppants to stimulate production from offshore oil and gas wells.

“Jaya Victory” and “Jaya Valiant” are medium sized PSVs with 3,500 tons of cargo deadweight and 78m of length. Both vessels are equipped with DP-2 capability and Fire Fighting class.

They will deliver in the first half of 2014 to a new client and are expected to operate primarily in Latin America. The charters are for up to three years.