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2012 November 29   14:12

Bumi Armada picks up VLCC for $29mln

Bumi Armada has picked up another VLCC, presumably to stock up for future conversion, Seatrade Asia online reports. Bumi said in a stock market announcement that its offshore unit Bumi Armada Offshore Holdings had bought the 13-year-old Sumitomo-built MT Osprey for $29m.

The acquisition is in line with the group's fleet expansion plan, in the ordinary course of its business, Bumi Armada said. The company currently owns and operates five FPSOs.

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