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 July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

VT Halter to Build Bouchard ATB Tugs

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), today announced new contracts to build two 130-foot Articulated Tug Barge

Del Mar Signs Agency Agreement with Ciramar

Del Mar Marine Corp. announced it has signed an agency agreement with Ciramar Shipyards allowing the company to promote Ciramar Shipyard´s docking and facilities

Great Lakes Shipyard Wins EPA Drydock Contract

Great Lakes Shipyard has been awarded a contract for the United States Environmental Protection Agency (EPA) vessel R/V Lake Explorer II. The scope of work will include drydocking,

Offshore

Japan Loans Petrobras $500m to Build Ship Platforms

Brazil's state-controlled oil company Petrobras signed on Friday a $500 million loan from Japan to build eight ship platforms for the oil industry, as part of the

ESS Lands Second Contract with Dolphin Drilling

ESS Support Services Worldwide, part of Compass Group, has won a new, three-year contract, worth £10.5 million, to provide hotel and catering services to Dolphin Drilling Ltd.

MNZ Opens New Office in Port Taranaki

Maritime New Zealand (MNZ) informs that for the first time in 5 years it has a permanent presence in New Plymouth on the opening of a new office at Port Taranaki

Ship Sales

Tuco Marine Sells First ProZero Fast Workboat

Tuco Marine Group says that it has sold its first boat shortly after the launch of ProZero, the new range of boats for the professional market. The vessel was sold

Marcon Brokers Sale of Ocean-Going Tugboat

Marcon International, Inc. of Coupeville, Washington, says it has sold the U.S. flag ocean-going twin screw tug "Melvin E. Lemmerhirt" to U.S. buyers on a private & confidential basis.

News Flash! Greek Shipowners Prefer Bulkers

The buying interest from Greek ship owners is focused on bulkers to an increasing extent, BIMCO said. Data from VesselsValue.com reveal that Greek owners were at

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1169 sec (9 req/sec)