KUALA LUMPUR: SEALINK INTERNATIONAL BHD []'s wholly owned units have secured contracts worth RM87 million for the sale of two offshore support vessels.
In a statement Wednesday, May 11, Sealink said its units Sealink Marine (L) Ltd and Sealink Engineering and Slipway Sdn Bhd had secured the contracts and that the vessels were expected to be delivered by the third quarter of 2011.
It said that one of the vessels amounting to RM55 million was sold to an established overseas buyer whilst the other vessel was sold to Logistine Sdn Bhd, an associate company of Sealink Group.
The sale of the vessel to Logistine Sdn Bhd was made through a finance lease arrangement and Logistine is provided with an option to purchase the vessel at any time during the lease period of six years, said Sealink.
Logistine Sdn Bhd had secured a long term charter for this vessel to be delivered.
Sealink said the sales were part of its normal operations as a ship builder and ship owner.
It said the contracts were expected to contribute positively to its earnings for the financial year ending Dec 31, 2011.
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In a statement Wednesday, May 11, Sealink said its units Sealink Marine (L) Ltd and Sealink Engineering and Slipway Sdn Bhd had secured the contracts and that the vessels were expected to be delivered by the third quarter of 2011.
It said that one of the vessels amounting to RM55 million was sold to an established overseas buyer whilst the other vessel was sold to Logistine Sdn Bhd, an associate company of Sealink Group.
The sale of the vessel to Logistine Sdn Bhd was made through a finance lease arrangement and Logistine is provided with an option to purchase the vessel at any time during the lease period of six years, said Sealink.
Logistine Sdn Bhd had secured a long term charter for this vessel to be delivered.
Sealink said the sales were part of its normal operations as a ship builder and ship owner.
It said the contracts were expected to contribute positively to its earnings for the financial year ending Dec 31, 2011.
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