Malaysia: Scomi Marine Invests USD 45 Million in Two New Vessels

Scomi Marine, a global service provider mainly in the oil and gas industry, plans to invest $45m to buy two new vessels, so they are able to boost the efficiency of its offshore support services division and hopes to add them to its fleet by year-end, Seatrade Asia online reports.

After divesting three older vessels recently, Scomi Marine now has 11 vessels in its fleet.

Restructuring of its business to merge the Offshore Support Services arm with its Oilfield Services division’s Eastern hemisphere business, as well as ongoing contracts and the coal transportation business in Indonesia are expected to continue driving profits at the company, Scomi Marine said.

The company hopes to use the merged operations to create a bigger group better positioned to capitalise on the region’s growing oil and gas opportunities.

[mappress]

Source: Scomi Marine, June 29, 2012