Sealink International has seen a more than three-fold increase in its third quarter losses on the back of losses incurred in a vessel disposal.

The Malaysian offshore shipbuilder and vessel charterer lost MYR 23m (($5.4m) versus the loss of MYR 7.3m seen in the same period last year.

Elsewhere, results were mixed with revenue increasing by 14% to MYR 15.8m,