Lianson Fleet Group, a Bursa Malaysia-listed entity with roots in offshore support vessels, is venturing into new waters with the purchase of a supramax bulk carrier. The acquisition, managed by its subsidiary Kangsar Corporation, involves a vessel previously owned by LT Princess Shipping of Hong Kong and constructed by Qingshan Shipyard. The deal underscores Lianson’s commitment to broadening its fleet.

The company plans to finance the purchase through a combination of internal resources and bank loans. While it holds adequate funds to complete the transaction, Lianson is negotiating with financial institutions to cover a significant portion of the cost, aiming to preserve capital flexibility.

This strategic move aligns with Lianson’s goal to diversify beyond its traditional offshore support vessel operations, seeking stable income from vessels with long-term charter opportunities. The company emphasized its intent to bolster recurring revenue streams and lessen dependence on the offshore segment.

Lianson’s existing fleet features a collection of offshore support vessels, complemented by a couple of bulk carriers already in service. The new acquisition fits into a larger expansion initiative launched last year, which includes integrating a substantial number of vessels from related businesses and partners.

Additionally, Lianson has been forging key alliances, including a recent joint venture with Thailand’s Precious Shipping and Emstraits Navigation. The newly formed Nusantara Maritime will concentrate on managing LNG, LPG, and crude tankers, alongside offering leasing and maritime services.