KUALA LUMPUR: Offshore support vessel (OSV) and marine transportation provider Lianson Fleet Group Bhd’s (LFG) indirect wholly-owned subsidiary Icon Piai 1 (L) Inc has disposed of Yinson Hermes, an anchor handling tug and supply (AHTS) vessel, to a purchaser in the United Arab Emirates for US$10.0 million (approximately RM40.7 million).
Aligned with its broader commitments to deliver long-term value, the disposal reflects the group’s ongoing fleet rejuvenation and diversification journey.
Through selective asset disposals, LFG aims to unlock value from its existing fleet while strengthening its capital base.
Commenting on the disposal, LFG managing director Lim Chern Wooi said the exercise is part of the company’s ongoing efforts to improve overall efficiency and reduce its dependency on OSVs.
“We have been able to significantly streamline our operations and channel our resources towards building a more resilient business model through our foray into other business segments, ensuring we keep up with the evolving industry demand.
“By reducing our dependency on a particular industry, we have been able to build a stronger revenue base while remaining lean and agile towards responding to new market opportunities, which would play a vital role in our longer-term growth journey.
“Given the developments, we are excited for what is to come as we move forward into 2026,” Lim said in a statement.
The proceeds from the disposal will bolster LFG’s liquidity position and enhance its capital war chest, positioning the company to pursue new growth opportunities across other marine asset classes and its expanding marine transportation and logistics platform.
LFG acquired three bulk carriers over the past quarter and is actively exploring investment opportunities in marine assets with long-term, stable charter profiles, as well as strategic participation in adjacent marine infrastructure and offshore-related segments.
The disposal also reflects LFG’s proactive approach to portfolio management amid evolving market conditions.
By continuously reviewing its fleet composition, utilisation profile and earnings potential, LFG seeks to optimise returns while ensuring that its asset base remains well-aligned with customer demand and industry trends.
