Alam Maritim & Vallianz jv picks up first OSV

Alam Maritim & Vallianz jv picks up first OSV

Kuala Lumpur: Alam Maritim Resources, via a subsidiary of Deepsea Leader Venture, has acquired offshore support vessel OLV Venture 1 (6,000bhp, built 2014) for $60m.

Deepsea Leader Venture is a jv set up in January by Alam and Singapore’s Vallianz, and the vessel is the first acquired under the jv.

Alam said the OSV was bought from Wellspring Marine Trading, and it is currently registered in China. Completion of the acquisition is expected by mid-April, and then the vessel will be flagged in Malaysia to operate in Malaysia and Southeast Asia.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

Related Posts