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Bumi Armada acquires vessel to expand fleet
by hlk Tue 27 Dec 2011, 21:30
KUALA LUMPUR (Dec 27): Bumi Armada Bhd has acquired a vessel named
Rainbow River for RM68 million cash as part of its fleet expansion plan.
The company said on Tuesday that its unit Bumi Armada Offshore Holdings
Sdn Bhd had exercised its option to purchase the vessel to a memorandum
of agreement with Galaxy Naviera Maritime S.A. Panama signed on Sept 28
this year.
It said the vessel weighed a gross register tonnage of 57,943 tonnes and a summer dead weight tonnage of 107,160 mt.
Bumi Armada said the acquisition would be financed by internally
generated funds, and that the vessel would be delivered in the first
quarter of 2012.
Rainbow River for RM68 million cash as part of its fleet expansion plan.
The company said on Tuesday that its unit Bumi Armada Offshore Holdings
Sdn Bhd had exercised its option to purchase the vessel to a memorandum
of agreement with Galaxy Naviera Maritime S.A. Panama signed on Sept 28
this year.
It said the vessel weighed a gross register tonnage of 57,943 tonnes and a summer dead weight tonnage of 107,160 mt.
Bumi Armada said the acquisition would be financed by internally
generated funds, and that the vessel would be delivered in the first
quarter of 2012.
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