Hoe Leong Corporation Limited announced that its associate - TopicsExpress

Hoe Leong Corporation Limited announced that its associate company, Semua International Sdn Bhd, a Malaysia-based oil tanker and transport logistic company, has been awarded two contracts from a large oil major worth up to approximately RM150.0 million. The charter contacts are for a period of three years for two of Semua Group’s oil tankers. The contracts contain options for subsequent two years based on mutually agreed terms by both the Semua Group and the charterer. The vessels have commenced work on 1 August 2013.

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