Sealink sells marine support vessel duo

Kuala Lumpur: Sealink International has sold two of its marine support vessels for the combined price of RM 17.4m ($5m).

Sealink Pacific, a subsidiary of the Malaysia-listed owner, sold the landing craft Victoria 9 (382 DWT, built 2013) to a buyer in Samoa for $1.5m.

Navitex Shipping, another Sealink subsidiary, sold an unnamed 2004-built vessel to buyers from Vietnam for $3.5m.

The total net proceeds from the two deals will be RM16.1m ($4.6m), which Sealink says will be used for working capital purposes.[10/12/14]

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