Vessels For RM126 Million for Scomi Marine's Indonesian Unit Buys

KUALA LUMPUR, August 1 (Bernama) -- Scomi Marine Bhd's Indonesia-based unit PT Rig Tenders Indonesia Tbk (PTRT) has ordered two accommodation vessels worth about RM126 million.The purchase is to expand the fleet size of the company which provides marine logistics services. PTRT currently owns and operates two accommodation barges, both under charter arrangement.In a statement today, Scomi Marine said the new vessels would double PTRT's capacity of accommodation barges."The two vessels will be built and operated under an Indonesian company, and both will fly the Indonesian flag in order to cater to the current Indonesian regulatory environment which favours local ship owners," it said.It said PTRT would obtain its shareholders approval as required by the Jakarta Stock Exchange due to the size of the contract.Scomi Marine said the acquisition amount forms part of the RM200 million it had budgeted for capital expenditure this year.It said the two new vessels, once delivered, would add to Scomi Marine group's current fleet of over 140 vessels which include utility vessels, anchor handling tugs, tugs, barges, accommodation barges and landing craft.The new vessels also fit in with Scomi Marine's vessel on-going renewal process and will allow for older vessels to be slated for disposal, it said.