Letter of Intent (LOI)

Datapulse announces diversification plans with intended acquisition of hotel in Seoul

SINGAPORE (Oct 4): Datapulse Technology is seeking to acquire a hotel located near the Myeongdong district in Seoul, Korea, as part of its plans to expand the company’s core business from optical disc manufacturing to include hotel and hospitality investments.  

In an Oct 3 filing to the SGX, Datapulse announced having signed signed a letter of intent (LoI) for the acquisition with an unnamed private company in Korea on Oct 1.

Vard signs LOI to build two environmentally-friendly Viking cruise vessels for $750 mil

SINGAPORE (Apr 4): Vard Holdings has signed a letter of intent (LoI) to design and construct two environmentally-friendly cruise vessels for Viking, a Swiss cruise line which currently operates a fleet of more than 60 vessels, for a potential contract value of NOK 4.5 billion ($750 million).

Both parties mutually intend to enter into a final contract by mid-2018.

The two vessels are to be developed by Vard Design in Norway while the hulls will be built by Vard in Romania.

Their deliveries are scheduled for the second quarters of 2021 and 2022, respectively.

Gaylin signs LOI to acquire marine services firm Amos International in all-shares deal

SINGAPORE (Mar 26): Gaylin Holdings has entered into a non-binding letter of intent (LOI) with Lighthouse Logistics and Danny Lien to acquire 100% stake in Amos International Holdings.

The consideration for the acquisition has yet to be agreed on but is to be fully satisfied by the issuance of new Gaylin shares.

Amos International is a marine and offshore services company that provides supplies, services and logistic solutions to the maritime fleet and offshore oil and gas operators, and has operations in Singapore, Shanghai and Hong Kong.

SembMarine signs LoI to construct & integrate Shell Offshore’s Vito FPU

SINGAPORE (Dec 5): Sembcorp Marine’s wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters, has signed a letter of intent (LoI) with Shell Offshore for the construction of the hull and topside of, as well as the integration of, a single topside module known as the Vito floating production unit (FPU).

See: Positive news for SembMarine if $1.7 bil Shell Vito project win is true

SembMarine partners US gas company SeaOne in fuel supply project

SINGAPORE (Sept 18): Sembcorp Marine subsidiary Sembcorp Marine Specialised Shipbuilding on Monday signed a letter of intent (LoI) with SeaOne Caribbean, a unit of Houston-based gas company SeaOne Holdings, for the design and construction of at least two large Compressed Gas Liquid (CGL) carriers.

The carriers are to be deployed for the SeaOne Caribbean Fuels Supply Project, which was undertaken to develop an environmentally-friendly, lowest cost and safe means of transporting gas and gas liquids together as a single cargo.

Vard signs Letter of Intent to build expedition cruise vessel

SINGAPORE (Jan 17): Vard Holdings, the designer and shipbuilder of specialised vessels, has signed a Letter of Intent (LOI) for the design and construction of an expedition cruise vessel for an undisclosed international cruise company.

Developed in close cooperation with the customer, the luxury vessel will be about 145 meters long and 20 meters wide, with accommodation for 220 passengers.

The hull of the vessel will be built by Vard’s shipyard in Tulcea, Romania.

Delivery is scheduled from one of Vard’s Norwegian yards in 2019.

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