KUALA LUMPUR (Dec 27): Bumi Armada Bhd has acquired a vessel "Rainbow River" for RM68 million cash as part of its fleet expansion.
The company said on Tuesday its unit Bumi Armada Offshore Holdings Sdn Bhd had exercised its option to purchase the vessel to a memorandum of agreement with Galaxy Naviera Maritime S.A. Panama signed on Sept 28 this year.
The vessel weighed a gross register tonnage of 57,943 tonnes and a summer dead weight tonnage of 107,160 tonnes.
Bumi Armada said the acquisition would be financed by its own funds and delivered in the first quarter of 2012.
The company said on Tuesday its unit Bumi Armada Offshore Holdings Sdn Bhd had exercised its option to purchase the vessel to a memorandum of agreement with Galaxy Naviera Maritime S.A. Panama signed on Sept 28 this year.
The vessel weighed a gross register tonnage of 57,943 tonnes and a summer dead weight tonnage of 107,160 tonnes.
Bumi Armada said the acquisition would be financed by its own funds and delivered in the first quarter of 2012.
