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Lianson Fleet buys vessel for RM56mil

The Star·08/20/2025 23:00:00
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PETALING JAYA: Lianson Fleet Group Bhd (formerly Icon Offshore Bhd) has acquired a vessel, the MV Moana BAQ, from LT Princess Shipping Co Ltd for US$13.25mil (RM55.95mil).

In a filing with Bursa Malaysia, the marine logistics service provider said the vessel is a Panama-flagged Supramax bulk carrier built in 2012 with a deadweight tonnage of 56,625 tonnes, gross tonnage of 32,964, and net tonnage of 19,142.

The company said the vessel acquisition is in line with its strategy to diversify beyond the offshore support vessels (OSV) sector and strengthen recurring income streams through other vessel asset classes with long-term charter potential, thereby enhancing earnings visibility and reducing reliance on the group’s OSV segment.