Medserv plc - Two new logistics support contracts

Friday, January 15th, 2016

On 15 January, Medserv plc announced that it has been awarded two full service logistics contracts offshore Libya, one with STX Heavy Industries of South Korea whilst the other one with EMAS-AMC Pte Ltd of Singapore. The contracts, which are expected to commence in the second quarter of 2016, will require Medserv to utilise both their Malta Base facilities and their Libyan Branch.

The services to be provided by Medserv include the servicing of supply vessels, warehousing, provision of lay down and open storage areas as well as trained personnel, shipping, customs and procurement services.

Chief Strategic Development Officer, Neil Patterson, stated that the total value of these two contracts is in the region of €2 to €3 million and have a six month duration.

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