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TAS Offshore sells AHTS vessel for $12m

TAS Offshore sells AHTS vessel for $12m
Malaysia-based TAS Offshore has secured a contract to sell an anchor handling tug supply (AHTS) vessel for approximately MYR38m ($11.9m).

“The vessel was sold to one of our new foreign customers. The vessel is expected to be delivered in October 2013,” Kuala Lumpur-listed TAS Offshore said in a statement.

The company added that revenue generated from the offshore vessel sale is expected to contribute positively to its earnings for the financial year ending 31 May 2014.

TAGS: Offshore