KUALA LUMPUR, Oct 13 (Bernama) -- Lianson Fleet Group Bhd’s (LFG) wholly owned subsidiary, LFG Cengal Ltd, has acquired a bulk carrier, named LFG Cengal, for a total cash consideration of US$23 million (RM93.9 million) from an unrelated third party.
Business : Lianson Fleet Unit Acquires Bulk Carrier For RM93.9 Mln
LFG, acquisition, LFG Cengal, strategy, expand, m
BE Bernama 
Key points
- In a filing with Bursa Malaysia today, LFG said LFG Cengal is a Japanese-built Ultramax bulk carrier constructed in May 2013 with a deadweight tonnage of 61,446 metric tonnes, gross tonnage of 34,794 tonnes and net tonnage of 20,209 tonnes.
- “The LFG Cengal will strengthen the group’s recurring income stream through its long-term charter potential and utilisation, thereby enhancing earnings visibility,” it said.
- LFG said the acquisition is expected to contribute positively to its earnings for the financial year ending Dec 31, 2026, and beyond, through charter income generated by the vessel.
Sentences selected automatically from the original article by Bernama.
Read the full story on Bernama That's the opening of the story. The full piece is published by Bernama.
Continue reading ↗ Story details
- Published
- Section
- news
- Format
- Article
- Original
- bernama.com ↗
Related reporting
2 stories on this topic from 2 sources, oldest first.
- New Straits Times Lianson Fleet buys US$23mil bulk carrier
- Bernama Business : Lianson Fleet Unit Acquires Bulk Carrier For RM93.9 Mln (this story)
%2Ffile%2Fattachments%2Forphans%2F968a9ecda9e5dbc8b64c552848fe5d59_306243.jpg&w=480&output=webp&q=85&we)