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Wednesday June 27, 2012
Scomi Marine plans to spend US$45m to buy 2 vessels
KUALA LUMPUR: Scomi Marine Bhd plans to spend US$45mil to buy two new vessels to increase the efficiency of its offshore support services division, said president Mukhnizam Mahmud.
“We hope these two new vessels can be put into work by year-end,” he said after the company's meeting with stakeholders yesterday.
The group recently sold three of its old vessels, putting the number of existing vessels at 11.
On profitability, Mukhnizam expects the group to still make profits this year, driven by its current contracts and its coal transportation operations in Indonesia.
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