Lim: ‘By buying SD1, we will save almost US10mil a year’.
KUALA LUMPUR: Daya Materials Bhd shareholders have approved the planned purchase of subsea offshore vessel Siem Daya 1 (SD1) despite earlier concerns that this would lead to big exposure amid the softer oil price environment.
The company is keeping its options open on whether or not it would go ahead and buy the second subsea offshore vessel Siem Daya 2 (SD2). Although SD2 was part of the earlier planned acquisition, Daya scrapped it in efforts to be more “prudent”. “I think buying or not buying is secondary for now because we still have a five-year charter contract with them. The decision to buy or not to buy will eventually fall back on what the price will be.
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