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Kim Heng targets Malaysia for its OSVs with new joint venture

Kim Heng targets Malaysia for its OSVs with new joint venture
Singapore's Kim Heng Offshıore & Marine has formed a joint venture with Malaysia's RUHM Marine as it looks to utilise its newly acquired fleet in the Malaysian offshore market.

The company said the jv, to be called RUHM Mazu, is ''intended to expand our offshore marine business into Malaysia and will undertake marketing, operating, maintaining and chartering vessels to customers for use within the Malaysian territory''.

In June, Kim Heng made a well timed entry into offshore support vessel ownership with the acquisition of actor handling tug supply vessels Swiber Anne-Christine, Swiber Else-Marie and Swiber Mary-Ann for a total of $9.6m.

RUHM Mazu will be 51% owned by RUHM and 49% owned by Kim Heng subsidiary KH Mazu.

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