TAS Offshore Sells AHTS Vessel

Malaysia’s TAS Offshore Bhd has secured an estimated RM38 million ($11.9 million) sale for an anchor handling tug supply vessel.

TAS said in a statement to the stock exchange yesterday that it has sold the vessel to one of its new foreign customers. The vessel is scheduled for delivery this month.

“The revenue generated from the contract is expected to contribute positively to the earnings and net assets of TAS group for financial year ending 31 May 2014,” the firm said.

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TAS Offshore, October 8, 2013