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.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Sealink , vessel , shipping , oil and gas

   

Next In Business News

Sony Q3 profit down 7.8%, but beats analysts' estimates
Adani group's market losses hit US$100bil as stocks sink after botched share sale
DNeX secures maintenance job for IRB tax system
Oil climbs as dollar slumps, Opec+ keeps output cut policy
Kerjaya Prospek subsidiary bags RM135.41mil design-and-build job
Tech counters surge on Bursa
Oppstar signs IPO underwriting deal with Affin Hwang Investment Bank
Ringgit stronger after smaller US rate hike
Pavilion REIT to see further footfall recovery on China reopening
Bursa jumps as Fed's optimistic remarks send global equities higher

Others Also Read