Icon Offshore’s vessel given second charter extension for RM167.96 million
KUALA LUMPUR (May 27): Icon Offshore Bhd said today it has received a second extension to charter its vessel Icon Kayra from Zell Transportation Sdn Bhd (ZT). The charter contract is worth RM167.96 million.
Icon Offshore said in a bourse filing the contract is secured by Icon Bahtera (B) Sdn Bhd, a subsidiary company of Icon Fleet Sdn Bhd, which in turn is a wholly-owned subsidiary of Icon Offshore.
The contract is for the charter of the vessel by ZT for a primary contract duration of 17.5 months with a further yearly extension option of four years, which will be effective from May 15.
This is a variation to the initial contract announced on March 9, 2017, followed by the first extension contract announced on Nov 26, 2019.