KUALA LUMPUR: Benalec Holdings Bhd is acquiring two handysize bulkcarriers for US$6.8 million (RM20.75 million) to expand its fleet to transport sand for land reclamation activities.
The company said on Thursday, Jan 27 it had entered into two memoranda of agreement with Middlesbrough Shipping and Investment Ltd and Bolton Shipping and Investment Ltd to acquire the two vessels.
'The acquisitions are to facilitate the expansion of Benalec group's fleet of vessels, in particular vessels for transporting of sand for land reclamation activities,' it said.
The company said on Thursday, Jan 27 it had entered into two memoranda of agreement with Middlesbrough Shipping and Investment Ltd and Bolton Shipping and Investment Ltd to acquire the two vessels.
'The acquisitions are to facilitate the expansion of Benalec group's fleet of vessels, in particular vessels for transporting of sand for land reclamation activities,' it said.
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