Icon enters Brunei via new joint venture

Singapore: Malaysia’s Icon Offshore is forming an OSV joint venture with Zell Transportation to be based in Brunei.  Zell is a Brunei-based chartering company.

The joint venture will take on an accommodation work boat that Icon recently acquired from Nam Cheong. More ships are likely to be added to the joint venture fleet soon.

“The proposed JVA is in line with our business strategy and enables us to expand our group of companies’ regional operations into a new market, thereby strengthening our position as one of the largest pure-play OSV providers in Southeast Asia in terms of number of vessels,” Icon said in a release to the Kuala Lumpur Stock Exchange.

Separately, Icon detailed news of contact extensions for a pair of anchor handlers.  [18/08/14]

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