KUALA LUMPUR: Lianson Fleet Group Bhd, a reputable offshore support vessel (OSV) and marine transportation provider, signed 2 separate memorandum of agreements for the acquisition of MV Tian Mu Shan and MV Yan Dang Shan, 2 ultramax bulk carrier vessels for US$52.3 million (RM213.2 million).
The Ultramax-class vessels will be the first for the group, marking its entry into the larger bulk carrier segment and positioning it above its existing fleet of Supramaxes.
Upon completion of these 2 vessel acquisitions alongside the recently announced Supramax bulk carrier to be delivered in August, the group’s marine transportation fleet will expand to a total of 41 vessels – comprising 17 barges, 17 tugboats and 7 bulk carriers.
This milestone aligns with Lianson Fleet’s strategic objective to expand its marine transportation arm, focusing on long-term charter assets, which will continue to enhance the group’s earnings visibility and reinforce its position as Malaysia’s largest dry bulk maritime asset player.
The vessel acquisitions are expected to be completed by October 2026.
Managing director Lim Chern Wooi said over the past few years, the group has been deliberate in reshaping Lianson Fleet into a diversified and more resilient maritime group.
“The expansion of our bulk carrier fleet is a continuation of this strategy, allowing us to participate in global dry bulk shipping markets that are supported by different demand cycles from our core offshore businesses.
“We are strategically positioning the group with a stronger foundation of recurring income, greater earnings resilience and enhanced participation across the regional and international maritime value chain,” he said.