PETALING JAYA: Vantris Energy Bhd has divested its 40% equity interest in L&T-Sapura Shipping Pvt Ltd (LTSSPL) to its joint-venture partner, Larsen & Toubro Ltd, for US$30.5mil (RM123.91mil). In a filing with Bursa Malaysia, Vantris Energy, formerly known as Sapura Energy Bhd , said LTSSPL owns and operates a LTS3000 heavy-lift and pipelay vessel. The net proceeds from the proposed disposal will be utilised for operational requirements across the company’s engineering and construction, as well as operations and maintenance, businesses. Following the divestment, Vantris Energy has four heavy-lift and pipelaying vessels remaining in its fleet, all of which are wholly owned. “The group owns and operates a total of 12 offshore construction vessels and barges under its engineering and construction arm, capable of shallow- and deep-water transportation and installation and subsea services.”

Source: The Star January 13, 2026 10:55 UTC