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BUSINESS • 08/09/2025 06:28 PM

Lianson Fleet Group To Dispose Of Vessel For RM28.13 Mln

KUALA LUMPUR, Sept 8 (Bernama) -- Lianson Fleet Group Bhd’s (LFG) indirect wholly owned subsidiary, Icon Samudera (L) Inc, will dispose of a vessel to Vietnam’s Asia Investment and Asset Management Joint Stock Company for RM28.13 million.

In a Bursa Malaysia filing, LFG said the vessel Icon Samudera is a Malaysian-flagged DP-1 Anchor Handling and Supply Tug (AHTS) built in 2013 with a deadweight tonnage of 1,374 tonnes and is capable of a static bollard pull of 60.4 tonnes.

It said that the vessel disposal is part of LFG’s ongoing fleet rejuvenation efforts to modernise and replace its fleet in line with the evolving market demands of the oil and gas industry.

“This also aligns with LFG’s rebranding and long-term strategy to diversify from being a pure-play offshore support vessel player into other vessel asset classes, supporting our pivot towards new markets and strengthening our long-term growth and operational flexibility,” it said.

LFG said that the net proceeds from the vessel disposal will be utilised for general corporate purposes and to support LFG’s future growth and strategic initiatives.

“Barring unforeseen circumstances, the disposal is expected to be completed by the end of October 2025,” it added.

-- BERNAMA

 

 

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