Intan will buy the Lewek Robin for $7m and lease it back to Ezra's Malaysian unit Emas Offshore (M) for $2,600 a day. The purchase price of $4.55m is being funded by external borrowings while the remainder is being guaranteed by Emas Offshore (M) and will be balanced off against the charter fees.
Intan Offshore owns eight offshore support vessels comprising anchor handling tugs, fast crew boats and anchor handling tug and supply vessels. The acquisition will broaden the group’s asset offerings and will provide greater economies of scale to the marine operations, the company said in a stock market announcement.
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