Vallianz looks to cement presence in Thailand’s OSV market with new joint venture

Singapore’s Vallianz Holdings is teaming up with Penn Marine Service Co to increase its presence in the Thai offshore support vessel (OSV) market.

The company said the joint venture will “combine the respective strengths and expertise to facilitate market share expansion in Thailand’s offshore energy industry”.

Vallianz, which already provides OSV chartering services in Thailand, has been working with Penn over the past few years to expand its market reach.