Malaysia-based Lianson Fleet Group, formerly known as Icon Offshore, has completed the disposal of the Yinson Hermes for a total cash consideration of $10 million. The transaction was carried out through its indirect wholly owned subsidiary, Icon Piai 1 on January 8, 2026.
The Yinson Hermes is a Malaysian-flagged DP-1 anchor handling tug and supply (AHTS) vessel built in 2015. It has a deadweight tonnage of 1,300 and was sold to an unrelated third party incorporated in the United Arab Emirates.
The consideration was reached on a willing-buyer and willing-seller basis, reflecting market values for comparable vessels. The disposal is part of fleet rejuvenation efforts to modernise and replace assets in line with oil and gas industry demands.
Lianson Fleet stated the move aligns with the group’s rebranding and strategy to diversify from being a pure-play offshore support vessel (OSV) provider. The company added that it intends to move into other vessel asset classes to support new markets and operational flexibility.
Net proceeds will be used for general corporate purposes and strategic initiatives. The group stated that the gain on disposal will contribute positively to earnings, net assets, and gearing for the financial year ending December 31, 2026.
