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Caspian Reliance News

13 Aug 2012

Topaz Wins New Charters, Acquires Two AHTS

Topaz signs over $65 million of new charters and announces the acquisition of two AHTS. Renaissance subsidiary, Topaz Energy and Marine (“Topaz”), a UAE-based oil field services company, has been awarded two new long term charters, totalling over $65 million, in the GCC and the Caspian Sea, two of the company’s major operating areas. It also confirms the acquisition of Topaz Rayyan and Caspian Reliance, two Anchor Handling Tug Supply Vessel (AHTS). Topaz Rayyan, will be deployed in Qatar on a seven-year, $50 million charter, for an international oil company (“IOC”). The vessel was built in 2006 and was previously owned by Sanko Steamship Co Ltd in Japan. The second AHTS, Caspian Reliance, is to be deployed in the Caspian Sea with a firm contract value of $13.9 million.

12 Aug 2012

New Charters, AHTS Acquitions by Topaz

Topaz signs over $65 million of new charters and announces the acquisition of two AHTS. Renaissance subsidiary, Topaz Energy and Marine (“Topaz”), a UAE-based oil field services company, has been awarded two new long term charters, totalling over $65 million, in the GCC and the Caspian Sea, two of the company’s major operating areas. It also confirms the acquisition of Topaz Rayyan and Caspian Reliance, two Anchor Handling Tug Supply Vessel (AHTS). Topaz Rayyan, will be deployed in Qatar on a seven-year, $50 million charter, for an international oil company (“IOC”). The vessel was built in 2006 and was previously owned by Sanko Steamship Co Ltd in Japan. The second AHTS, Caspian Reliance, is to be deployed in the Caspian Sea with a firm contract value of $13.9 million.