Latest news with #LiansonFleetGroupBhd
The Star
5 hours ago
- Business
- The Star
Lianson Fleet buys vessel for RM56mil
PETALING JAYA: Lianson Fleet Group Bhd (formerly Icon Offshore Bhd ) has acquired a vessel, the MV Moana BAQ, from LT Princess Shipping Co Ltd for US$13.25mil (RM55.95mil). In a filing with Bursa Malaysia, the marine logistics service provider said the vessel is a Panama-flagged Supramax bulk carrier built in 2012 with a deadweight tonnage of 56,625 tonnes, gross tonnage of 32,964, and net tonnage of 19,142. The company said the vessel acquisition is in line with its strategy to diversify beyond the offshore support vessels (OSV) sector and strengthen recurring income streams through other vessel asset classes with long-term charter potential, thereby enhancing earnings visibility and reducing reliance on the group's OSV segment.
Barnama
15 hours ago
- Business
- Barnama
LFG Unit To Acquire Vessel For US$13.25 Mln
KUALA LUMPUR, Aug 20 (Bernama) -- Lianson Fleet Group Bhd's (LFG) indirect wholly-owned subsidiary Kangsar Corporation Pte Ltd has entered into a memorandum of agreement to acquire a vessel MV Moana BAQ for a cash consideration of US$13.25 million (RM55.95 million). The group told Bursa Malaysia today that it proposed to fund the acquisition with internal funds and bank borrowings. The vessel is a Panama-flagged Supramax bulk carrier built in 2012 with a deadweight tonnage of 56,625 metric tonnes, gross tonnage of 32,964, and net tonnage of 19,142, LFG said.
The Star
15 hours ago
- Business
- The Star
Lianson Fleet acquires vessel for RM55.95mil
PETALING JAYA: Lianson Fleet Group Bhd (formerly Icon Offshore Bhd ) has acquired a vessel, the MV Moana BAQ, from LT Princess Shipping Co Ltd for US$13.25mil (approximately RM55.95mil). In a filing with Bursa Malaysia, the marine logistics service provider said the vessel is a Panama-flagged Supramax bulk carrier built in 2012 with a deadweight tonnage of 56,625 tonnes, gross tonnage of 32,964, and net tonnage of 19,142. 'The vessel has a length overall of 189.99 metres, beam of 32.26 metres, depth of 18 metres, and is equipped with five cargo holds, five hatches and four x 30-tonne cranes.' The company said the vessel acquisition is in line with its strategy to diversify beyond the offshore support vessels (OSV) sector and strengthen recurring income streams through other vessel asset classes with long-term charter potential, thereby enhancing earnings visibility and reducing reliance on the group's OSV segment. 'Demand and charter rates for Supramax bulk carriers remain healthy, supported by regional trade flows of bulk cargo and commodities. 'The vessel acquisition is expected to strengthen the group's earnings visibility by securing recurring income under long-term time charter arrangements.'
