Alam Maritim acquires vesselVessel & ROV News // March 25, 2015
The Board of Directors of Alam Maritim Resources Berhad have announced that MDSV 1 (L) Inc, a wholly-owned subsidiary of Deepsea Leader Venture (L) Inc, has signed a Memorandum of Agreement with Wellspring Marine Trading Ltd for the acquisition of offshore support vessel, OLV Venture 1, for a total purchase consideration of US$60 million.
OLV Venture 1 was built in 2014 and is currently registered in China. The 85m, DP2, 6,000 bhp vessel is classed by ABS and will be deployed offshore Malaysia and Southeast Asia to support the exploration and production (E&P) activity in the region.
The acquisition is due to be completed by mid-April 2015. On completion of the acquisition, the vessel shall be registered under the Malaysian flag.