SAPNRG 5218 SAPURA ENERGY BERHAD disposes pipe-laying and crane vessel for US$71.5mil
Sapura Energy Bhd's wholly-owned subsidiary Sapura 3000 Pte Ltd signed a memorandum of agreement (MoA) with Safeen Feeder Company – Sole Proprietorship LLC, a company in the Abu Dhabi Ports Group of Companies, to dispose its pipe-laying and crane vessel
KUALA LUMPUR: Sapura Energy Bhd's wholly-owned subsidiary Sapura 3000 Pte Ltd signed a memorandum of agreement (MoA) with Safeen Feeder Company – Sole Proprietorship LLC, a company in the Abu Dhabi Ports Group of Companies, to dispose its pipe-laying and crane vessel known as Sapura 3000 for US$71.5 million or approximately RM312.8 million.
The price of the vessel was based on a willing buyer-willing seller basis, after conducting an international request for proposal (RFP) process.
The asset disposal exercise is part of the Sapura Energy's Reset plan, which focuses on the company's long-term sustainability by improving its liquidity position, streamlining its operating model and providing greater flexibility for strategic growth.
The cash generated from the disposal of Sapura 3000 will be utilised for working capital and to reduce the borrowings of Sapura Energy.
Sapura Energy expects the sale of the asset to be completed by the middle of July, this year.
The Sapura 3000 is a versatile heavy lift pipe laying vessel, equipped with a 3,000 short tonnes revolving mast crane, capable of executing deep and shallow water projects.
Sapura 3000 was built in 2008 and is currently sailing under the flag of Malaysia.
https://www.nst.com.my/business/2022/05/800845/sapura-energy-disposes-pipe-laying-and-crane-vessel-us715mil
Singapore Investment
-
-
-
-
-
-
-
-
-
-
The Art of Being Patient15 hours ago
-
-
-
-
-
SBAUG25 GX25080X is 2.29%21 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Portfolio Summary for June 20253 days ago
-
-
-
Portfolio (June 30, 2025)3 days ago
-
Portfolio (June 30, 2025)3 days ago
-
-
Portfolio Update June 20253 days ago
-
-
-
-
Month of June 20253 days ago
-
June 2025 Updates4 days ago
-
-
-
-
-
-
-
Batisht crazy!6 days ago
-
-
Will SORA crash to 1 per cent?1 week ago
-
-
Hello world!1 week ago
-
-
Cut back some exposure1 week ago
-
-
-
-
-
8 tips for house moving2 weeks ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
May 2025 Portfolio4 weeks ago
-
-
-
Thakral - Gem life deal finally coming?5 weeks ago
-
-
-
-
-
Clarity1 month ago
-
The Trump Tariffs1 month ago
-
Selling HRnet and Fiverr1 month ago
-
-
-
-
Ignore the noise and be calm2 months ago
-
-
-
-
FAQ on Quantitative Investing Part 22 months ago
-
-
-
-
Crossing the 300k Mark [in a volatile period]2 months ago
-
-
-
-
-
-
-
-
-
ETF vs Mutual Fund: Which is Better?5 months ago
-
-
-
-
-
-
Arigato Everyone! A Decade of Blogging!6 months ago
-
Top 10 Highlights of 20246 months ago
-
-
-
Union Square Residences8 months ago
-
-
-
STI ETF9 months ago
-
-
-
Unibet Casino Bonus Codes 20249 months ago
-
-
-
-
The Stigma against Early Retirement (FIRE)11 months ago
-
Monthly IBKR Update – June 202411 months ago
-
-
-
-
-
-
-
-
-
Feb 2024 Expenditure1 year ago
-
-
-
-
-
-
-
Monthly Summary of November 20231 year ago
-
Migration of website1 year ago
-
-
-
-
-
-
Hello SP Group, I'm Back!2 years ago
-
-
-
A New Light2 years ago
-
-
-
-
-
2022 Thoughts, Hello 2023!2 years ago
-
Series of Defaults for Maple Finance2 years ago
-
Takeaways from “Sea Change”2 years ago
-
Greed is Coming Back2 years ago
-
-
-
-
-
-
-
-
What is Overemployment3 years ago
-
Terra Hill Condo (former Flynn Park)3 years ago
-
Alibaba VS Tencent: The Battle Royale3 years ago
-
-
-
-
-
-
-
-
-
-
-
-
-