Coastal Contracts ventures into liftboat market with secondhand acquisition

Malaysia’s Coastal Contracts has announced that its wholly-owned subsidiary, Coastal Drilling, and its strategic business partner JUB Pacific has acquired 80% and 20% equity interest respectively in Elite Point, a company that owns the 2015-built liftboat . The acquisition marks the company’s first venture into liftboat charter market with the vessel expected to commence its charter …

splash247