Sapura Energy sells vessel for US$71.5mil

KUALA LUMPUR: Sapura Energy Bhd’s wholly-owned subsidiary, Sapura 3000 Pte Ltd has entered into a memorandum of agreement (MOA) for the disposal of its vessel, known as Sapura 3000, for US$71.50 million (US$1=RM4.36).

The MOA to sell the pipe-laying and crane vessel was signed last Friday with Safeen Feeder Company - Sole Proprietorship LLC, a company in the Abu Dhabi Ports Group.