Coastal Contracts sells eight vessels in $34m deal

Kuala Lumpur: Two offshore support vessels and six low-end vessels owned by subsidiaries of Malaysia-listed Coastal Contracts have been sold to unnamed buyers for a combined RM 130m ($34m).

No further details about the deal were disclosed.

Including this deal, the Coastal group says it has about RM1.97bn ($515.6m) worth of cumulative sales orders awaiting delivery to customers up to 2017.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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