Tuesday, December 27, 2011

Bumi Armada acquires vessel to expand fleet

KUALA LUMPUR (Dec 27): Bumi Armada Bhd has acquired a vessel named Rainbow River for RM68 million cash as part of its fleet expansion plan.

The company said on Tuesday that its unit Bumi Armada Offshore Holdings Sdn Bhd had exercised its option to purchase the vessel to a memorandum of agreement with Galaxy Naviera Maritime S.A. Panama signed on Sept 28 this year.

It said the vessel weighed a gross register tonnage of 57,943 tonnes and a summer dead weight tonnage of 107,160 mt.

Bumi Armada said the acquisition would be financed by internally generated funds, and that the vessel would be delivered in the first quarter of 2012.




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