Scomi Marine budgets $45m for two new vessels
Malaysia's Scomi Marine is planning to spend $45m to buy two new vessels in a bid to boost the efficiency of its offshore support services division and hopes to add them to its fleet by year-end, Seatrade Asia online reports.
After divesting three older vessels recently, Scomi Marine now has 11 vessels in its fleet.
Restructuring of its business to merge the Offshore Support Services arm with its Oilfield Services division's Eastern hemisphere business, as well as ongoing contracts and the coal transportation business in Indonesia are expected to continue driving profits at the company, Scomi Marine said.
The company hopes to use the merged operations to create a bigger group better positioned to capitalise on the region's growing oil and gas opportunities.