Wednesday, December 29, 2010

Sealink units land RM70m contracts for sale of vessels

KUALA LUMPUR: SEALINK INTERNATIONAL BHD []'s units have secured contracts for the sale of three offshore support vessels for RM70 million.

Sealink said on Wednesday, Dec 29 the contracts were secured by Sealink Resources (L) Ltd, Sealink Shipyard Sdn Bhd and Godrimaju Sdn Bhd.

It said the vessels were expected to be delivered within the first quarter of 2011.

It said two of the vessels were sold for RM68 million to established overseas buyers whilst a 14 year old vessel was sold as part of the company's fleet modernisation plan.

It said the contracts were expected to contribute positively to its earnings for the financial year ending Dec 31, 2010 and beyond.


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