Firm to Buy Seven Vessels

According to the Star, a Malaysian dredging and reclamation contractor Inai Kiara Sdn Bhd will purchase a fleet of seven vessels, including two dredgers from MSET Shipbuilding Corporation Sdn Bhd, a Terengganu based company. Both companies entered into an agreement on the purchase. The agreement signing was witnessed by Prime Minister Datuk Seri Abdullah Ahmad Badawi and Terengganu Menteri Besar Datuk Seri Idris Jusoh during a Commodores’ Luncheon hosted by the Terengganu Government at the Heritage Bay Club in Kuala Terengganu recently. Inai Kiara was represented by its executive director Kpt Hisham Hashim, while MSET chairman Hasnan Abdullah signed on behalf of his company. Hisham when met by reporters said the vessel-purchasing contract was the biggest awarded by Inai Kiara to a local shipbuilder. The agreement, he said, involved the purchase of a cutter suction dredger, two towboats, three barges and a water injection dredger . Source: The Star