Harbour-Link Unit To Acquire Two Container Vessels For RM56.68 Mln

KUALA LUMPUR, Oct 22 (Bernama) -- Harbour-Link Group Bhd’s 85 per cent-owned subsidiary Harbour-Link Lines Sdn Bhd has entered into two separate sale and purchase agreements with Sapor Shipbuilding Industries Sdn Bhd to acquire two vessels worth RM56.68 million.

In a filing with Bursa Malaysia, Harbour-Link Group said it intended to acquire two units of 90-metre self-propelled container vessels from Sapor Shipbuilding.

“The acquisition of the two vessels is in line with the expansion plans of Harbour-Link Group to augment its marine fleet capacity, improve operational efficiency, and meet the growing demand for container transportation services in the region.

“The acquisition is not expected to have a material effect on the earnings of the Harbour-Link Group for the current financial year,” it said.

However, it said the operational deployment of the vessels upon delivery is expected to contribute positively to the group's future earnings and earnings per share. 

-- BERNAMA