Tanjung Offshore Bhd has issued RM400 million Islamic medium term notes (IMTN) to finance its acquisition and construction of offshore support vessels, production platforms, lift barges and oil rigs.
The construction of two support vessels at RM80 million have been contracted to Muhibbah Engineering and Boustead Shipping Corporation.
Company would have 12 vessels in operation next year, comprising the existing fleet of seven working vessels and another five under construction.
source:
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_5ec020b3-cb73c03a-39060b00-c287f3ea
