The first contract, involving the Miclyn Constructor I, started in February this year and is for a period of two years.

The second agreement, involving the MEO Sovereign II, commenced in March and is also for two years.

MEO said the contracts were with a key customer in Thailand but did not disclose its name.

These deals bring MEO’s tally of signed OSV contracts up to seven since the start of 2013, with a combined value of US$56 million.