Sealink secures long-term charters, disposes of three vessels

KUALA LUMPUR: Sealink International Bhd has announced it has secured long-term charters for four offshore support vessels from oil majors and sold three of its vessels overseas.

It said in a filing with Bursa Malaysia the long-term charters are for a firm period of up to two years with extension, with potential proceeds of about RM63mil.

Meanwhile, the vessels sold have an average age of 17 years, with a combined value of about RM7mil.

It said the sale takes into consideration the cost of dry-docking and reactivation of all three vessels.

It added that the net book value and loss on disposal are about RM8.3mil and RM1.3mil respectively as at Sept 30, 2022.