Tuesday, September 1, 2009

MISC sells 4 tankers for US$14m

MISC Bhd has completed the en-bloc sale of its Anggerik Class vessels comprising four 29,900 deadweight tonne (DWT) single-hull chemical tankers for US$14 million.

The sale of the vessels, built between 1989 and 1991, was in line with the company's asset management strategy to phase out single hulled vessels.

The national shipping line, in a filing to Bursa Malaysia today, said it only wants to maintain a modern fleet of chemical tankers which was part of its chemical business unit''s trading requirements.

Source: Business Times

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