Kim Heng buys oil product tanker Angel Sun
Kim Heng Offshore & Marine Holdings Limited, an established integrated offshore and marine value chain services provider, is pleased to announce that it has completed the purchase of an oil product tanker vessel, named Angel Sun, for a consideration of S$ 2.1 million from the High Court Sheriff of Singapore.
VesselsValue, a leading online valuation, AIS and market intelligence service for the maritime and offshore sectors, has estimated the oil product tanker Angel Sun to be worth S$4.77 million. Th is 5000 DWT oil product tanker measuring approximately 101.55 metres by 15.3 metres is used for marine fuel trade. The Group aims to sell the vessel at a profit as and when opportunities arise.
About Kim Heng Offshore & Marine Holdings Limited
With 50 years of experience and listed on the Catalist Board of the Singapore Exchange Securities on the 22 nd of January 2014, Kim Heng Offshore & Marine Holdings Limited is an established integrated offshore and marine value chain services provider, engages in different stages of offshore oil and gas projects from oil exploration to field development and oil production. Kim Heng has built its brand over the years and currently caters to world renowned customers from over 25 countries in the regions of Southeast Asia, USA, Latin America, Australasia, Middle East and Europe.