Tuesday, March 1, 2011

Alam Maritim gets RM70.52m contract extension to provide work barge

KUALA LUMPUR: ALAM MARITIM RESOURCES BHD [] has been awarded an extension of contract to provide one accommodation work barge for about RM70.52 million.

It said on Tuesday, March 1 the contract extension is for 21 months from April 12, 2011 to January 2013, with a further option to extend for an additional year.

Alam Maritim said the contract sum of about RM70.52 million included costs of catering, lodging and crane hire.

'The contract, valued at approximately RM70.52 million (based on primary period only) is expected to contribute positively to the earnings and net assets of Alam Maritim for the financial year ending Dec 31, 2011 and beyond,' it said.

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