Offshore support services company Logindo Samuderamakmur (LEAD) plans to further sell 10 vessels (idle assets) for reducing its operational costs. The Company has sold 6 vessels in the first half )H1) this year, leaving its total fleets at 53 units. While demand in oil and gas sector is expected to grow this year. LEAD’s utilization rate now increases to 40% along with the growing new contracts. In the first quarter (Q1) this year, Logindo suffered loss of US$3.23 million. Its revenues fell 46% to US$5.61 million.