Sealink International Bhd.
MMYX:SEALINK0.34
MYR
+0.01
(+3.08%)
Sealink International Bhd.
MYX:SEALINK
(Bursa Malaysia)
Recent
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0.34
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Sealink International Bhd. is an integrated marine services provider and investment holding company that specializes in vessel chartering, shipbuilding, and ship repair solutions primarily supporting the global offshore oil and gas exploration and production sector. Founded in 1974 and incorporated in 2007, the company is headquartered in Miri, Sarawak, Malaysia, with maritime operations spanning Southeast Asia, the Middle East, and over 20 countries worldwide. The company operates through three principal business segments: Ship Chartering, Shipbuilding, and Ship Repair. Its core products and services comprise the ownership and operation of an offshore support vessel (OSV) fleet, including anchor handling tug supply (AHTS) vessels and anchor handling tugs (AHT) for drilling rig relocation, positioning, and anchor management; platform supply vessels (PSVs) and straight supply vessels for the transportation of drilling materials, equipment, fuel, and industrial cargo; landing craft tanks (LCTs) for shallow-water and coastal logistics; multi-purpose support vessels (MPVs) and seismic support vessels for geophysical survey and subsea operations; azimuth stern drive (ASD) harbour tugs; and accommodation work barges alongside flat-top cargo barges. Through its shipyard facilities located in Kuala Baram, Miri, the company delivers end-to-end maritime engineering solutions, including the newbuild construction of offshore support craft and commercial vessels; drydocking, marine fabrication, mechanical maintenance, and routine overhaul; as well as vessel conversion and modernization services. Sealink International Bhd. executes its chartering, marine logistics, and engineering operations through key subsidiaries, including Sealink Shipyard Sdn. Bhd., Sealink Offshore (L) Ltd., Sealink Antarabangsa Ltd., Perkasa Asia Corporation Ltd., and Aliran Saksama Sdn. Bhd. In recent major developments, energy services firm Carimin Petroleum Berhad emerged as a major substantial shareholder, acquiring an initial 19.5% equity interest in January 2026 and progressively expanding its direct holding to over 24% by September 2026, following the complete divestment of a 21.8% stake by founding entity Sealink Holdings Sdn. Bhd. in late 2025. The company also underwent top-level executive realignment in early 2026 marked by the transition and departure of long-standing managing director Yong Kiam Sam, while strategically steering its shipyard operations and vessel portfolio toward enhanced operational efficiency and energy-efficient vessel specifications to capture offshore drilling support and maintenance contracts across regional waters.