Malaysia’s Lianson Fleet Group (LFG), formerly known as Icon Offshore, has sold one of its accommodation workboats for RM92.57m ($22m).
Lianson sold the 2013-built Malaysian-flagged DP2 accommodation workboat Kayra to MAG Offshore Investments. The vessel has a deadweight tonnage of 3,500 tonnes and can accommodate 200 people.
The deal was done via Lianson’s indirect wholly owned subsidiary Icon Biru 1 Inc.
“This also aligns with Lianson’s rebranding and long-term strategy to diversify from being a pure-play offshore support vessel player into other vessel asset classes, supporting our pivot towards new markets and strengthening our long-term growth and operational flexibility,” the Malaysian firm said in a Bursa Malaysia filing.
The net proceeds from the disposal will be partially used for the early prepayment of an existing financing facility, for general corporate purposes, and to support Lianson’s future growth and strategic initiatives.
In August, the company acquired a supramax bulk carrier, moving beyond its traditional offshore support vessel base.
