PETALING JAYA: Keyfield International Bhd
has announced the acquisition of Inai Kenanga, a mega trailing suction hopper dredger, for RM99.7mil.
In a statement, Keyfield said Inai Kenanga was acquired from Inai Rimba Sdn Bhd, whom Malayan Banking Bhd had appointed as receivers and managers in March 2024.
“Completed in 2016, Inai Kenanga was at the time the largest dredger in Asia and the third-largest in the world. Built at a reported cost of RM1.2bil and with a hopper capacity of 32,205 cu m, it is designed for large-scale dredging, land reclamation, marine engineering, major infrastructure and coastal development projects.”
Under its previous ownership, Keyfield said Inai Kenanga was deployed for various dredging works in Malaysia, including during the tenure of a 15-year concession to undertake dredging and reclamation works at federal ports.
“The estimated fair market value of the dredger, as assessed by an independent market valuer, is US$63.7mil while the estimated cost of constructing a similarly-specified dredger is upwards of US$150mil.”
