Malaysia's Silk Holdings Buys Two AHTS

Press Release
Monday, October 01, 2012

Silk subsidiary, Jasa Merin Sdn Bhd, signs up to buy two Anchor Handling Tug Supply (AHTS) vessels from previous owners.

The vessels named IDS Darul Ehsan and IDS Darussalam are 70-metre 120-tonne bollard pull AHTS with an engine rating of 10,800 break horsepower and were acquired from their previous owners for a total consideration of RM 240.6 million funded by internally generated funds and bank borrowings.
Jasa Merin has partly settled a total of RM 16 million of the purchase price for the vessels.

Dato’ Mohd Azlan bin Hashim, Executive Chairman of SILK Holdings said, “The Group is delighted with the additions to the fleet, bringing the total number of owned-vessels in the fleet to 18 vessels. The vessels are ready-built and are immediately able to contribute to earnings. In addition, both vessels fit the operational requirements of Jasa Merin and are about 1-year old.

All in all, it represents good value to the Group.” “The acquisition of the two 70-metre 120-tonne bollard pull vessels were strategically necessary to ensure Jasa Merin continues to be able to meet customer demands for DP2 rated AHTS vessels, particularly in light of recent developments of the industry moving away from an era of ‘easy oil’ towards ‘difficult oil’,” concluded Dato’ Azlan.


 

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Former Petrobras Exec Sentenced to 5 Years Jail

A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday,

Statoil Awards Hull Cleaning Contract to GAC

Eco-friendly HullWiper technology to fight fouling and enhance efficiency for oil and gas company fleet    GAC EnvironHull has signed a contract with the international

Kongsberg to Equip 2 New Jack-Up Vessels

Kongsberg has been selected to deliver a complete Electro, Instrument & Telecom (EIT), propulsion, safety, automation and dynamic positioning package for two new Gusto NG-2500X DP II design,

Offshore

Former Petrobras Exec Sentenced to 5 Years Jail

A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday,

Kongsberg Technology for Johan Sverdrup Field

Kongsberg Maritime has been awarded a call-off order for delivery of the Safety and Automation System (SAS), Life Cycle Simulator and SAS Information Management

Kongsberg to Equip 2 New Jack-Up Vessels

Kongsberg has been selected to deliver a complete Electro, Instrument & Telecom (EIT), propulsion, safety, automation and dynamic positioning package for two new Gusto NG-2500X DP II design,

Ship Sales

Hyundai Heavy Delivers 2,000th Ship

Hyundai Heavy Industries (HHI) has become the world's first shipbuilder to deliver its 2,000th ship. The world's largest shipbuilding company delivered a drillship, "Ocean BlackLion," to U.

Bahri Inks Contracts with Hyundai to Build 5 VLCCs

The National Shipping Co. of Saudi Arabia (Bahri) signed contracts on Thursday with Hyundai Samho Heavy Industries (HSHI) to build five very large crude carriers (VLCCs),

Vinalines Plans Ports Divestment

The Vietnam National Shipping Lines (Vinalines) and the Ministry of Transport (MOT) hope the plan to reduce the state’s ownership ratio in the big shipping firm

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Port Authority Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3422 sec (3 req/sec)