The Kuala Lumpur-listed outfit, which owns a 41 ship fleet dominatedby anchor handling tug supply (AHTS) vessels, hopes to tie up a deal for a DSV by theend of the first quarter.

Chief operating officer Shaharuddin Warno Rahmad told localmedia the vessel would be in the $70m-80m price bracket.

The investment will allow the company to expand into new growthterritories in South East Asia and Australia which are seeing rising oil andgas production and exploration.

“We