Avangaad Berhad (5259.KL)

Avangaad Berhad owns and operates marine vessels for the transportation and offshore storage of oil and gas in Malaysia. The company offers product tankers that are used to transport refined petroleum products from oil refineries to end-users and refineries for further processing; FSU/FSO, which are used to support production platforms as an offshore oil and gas storage facility; and operates fast crew boats that are used to transport personnel and light cargoes between shore and platform, platform and platform, and other offshore facilities. It provides various port marine services, including towage services comprising towing, and pushing or maneuvering vessels; mooring services that secures a marine vessel to specially constructed fixtures, such as piers, quays, wharfs, jetties, and anchor and mooring buoys; and dockside mooring services that secure vessels to floating structures and fixtures at the wharf. In addition, the company is involved in the shipbuilding activities, which include the construction of hull and structure, installation of machinery, equipment and instruments, and various embedded systems on the deck of the vessel, painting, and coating, as well as testing and commissioning activities; and the provision of ship repair services, such as inspection, replacement, modification, removal, installation, and cleaning services, as well as undertakes minor fabrication of steel structures for shipyard. Further, it engages in the provision of engineering, procurement, construction, installation and commissioning of floating storage and offloading vessels, as well as consultancy services. The company was incorporated in 1993 and is based in Kuala Lumpur, Malaysia. Avangaad Berhad is a subsidiary of Sindora Berhad. Show more