The Singapore-basedoffshore vessel operator said the two Ulstein P128 vessels will be deliveredwithin the next 6 to 12 months.

Vallianz failed toprovide any further information on the deal such as vessel prices and theidentity of the sellers.

Ina separate transaction Vallianz said it planned to acquired an additional tenPX128 vessels, but again no firm details were provided.

However, it did say the 10 PX128 vessels will bejointly developed with Ulstein Asia with strong involvement from Vallianz.

“TheUlstein P128 vessels combine low fuel consumption with high carrying capacity,”said Vallianz chief executive Darren Yeo.

“Embarkingon a new small-to-medium PSV market, Ulstein’s design criteria has been todevelop a PSV that could support barges and rigs in a more economical way thanthe traditional offshore support vessel, both in terms of building cost andoperational costs,” said Ulstein Asia managing director Gunnar Haug.

“The result is a diesel-electric PSV that willoutperform many traditional PSV’s in terms of low fuel oil consumption and highcargo capacity.”

Last month Vallianz saidit was currently bidding for up to $1.2bn in projects across Asia, Middle Eastand Latin America.