Jasa Merin buys three chemical tankers from BHIC

Jasa Merin buys three chemical tankers from BHIC

Malaysia’s Jasa Merin has branched out into chemical tankers through the acquisition of three vessels from subsidiaries of Boustead Heavy Industries Corp (BHIC) for $5.7m per tanker.

The 7,000-dwt chemships are Chulan 1 (built 2009), Chulan 2 and Chulan 3 (both built 2011).

BHIC said the vessels are being sold at a combined RM 12m ($2.8m) loss, but the sales were negotiated at the “best available market rate” and will be paid in cash.

The sales are part of BHIC’s restructuring efforts and proceeds will go towards the Malaysian company’s existing loans and borrowings, a filing said today.

The sale is expected to be concluded by February 29, 2016.

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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