KUALA LUMPUR: Perdana Petroleum Bhd (PPB) will dispose of a unit of offshore support vessel (OSV) to Hauston Ltd for RM93.5 million. It will be delivered to the buyer before end-November 2014. The company said the disposal is part of its fleet renewal programme as it had earlier announced the acquisition of two units of 500-men accommodation work barges. œThe gain on the disposal is RM1 million and the proceeds will be channeled to the group to meet its operating expenses, repayment of bank borrowings and funding new acquisition of assets, PPB said.
To continue reading the rest of the article, click here