Accra:Lianson Fleet Group Bhd's wholly owned subsidiary, LFG Cengal Ltd, has purchased a bulk carrier, named LFG Cengal, for US$23 million (RM93.9 million) from an unrelated third party.
According to BERNAMA News Agency, the LFG Cengal is a Japanese-built Ultramax bulk carrier constructed in May 2013. It boasts a deadweight tonnage of 61,446 metric tonnes, gross tonnage of 34,794 tonnes, and net tonnage of 20,209 tonnes.
The vessel measures 199.98 metres in length, with a beam of 32.24 metres and a moulded depth of 18.60 metres. It is equipped with five cargo holds and five cargo hatches.
This acquisition aligns with LFG's strategy to expand its marine transportation fleet and diversify beyond the offshore support vessel business. The LFG Cengal is expected to enhance the group's recurring income stream through its long-term charter potential, contributing positively to earnings from the financial year ending December 31, 2026, and beyond.