Kuala lumpur: Lianson Fleet Group Bhd’s (LFG) indirect wholly owned subsidiary, Icon Samudera (L) Inc, is set to dispose of a vessel to Vietnam’s Asia Investment and Asset Management Joint Stock Company for RM28.13 million. The vessel in question, Icon Samudera, is a Malaysian-flagged DP-1 Anchor Handling and Supply Tug (AHTS) built in 2013, with a deadweight tonnage of 1,374 tonnes and a static bollard pull capability of 60.4 tonnes.

According to BERNAMA News Agency, the vessel disposal is part of LFG’s ongoing efforts to rejuvenate its fleet. This strategic move aims to modernise and replace its fleet to align with the evolving market demands of the oil and gas industry. LFG’s rebranding strategy involves diversifying from being solely an offshore support vessel provider to exploring different vessel asset classes, which will support their shift towards new markets and bolster long-term growth and operational flexibility.

LFG has stated that the net proceeds from the vessel disposal will be used for general corporate purposes and to support future growth and strategic initiatives. The company anticipates that, barring unforeseen circumstances, the disposal will be finalized by the end of October 2025.