Thursday, September 29, 2011

Alam Maritim gets RM32m contracts to provide vessels

KUALA LUMPUR: ALAM MARITIM RESOURCES BHD [] has secured two contracts to provide vessels with a total value of RM32 million.

It said on Thursday, Sept 29 its unit Alam Maritim (M) Sdn Bhd had received letters of contract extension from''Petronas Carigali Sdn Bhd to provide two anchor handling tug supply (AHTS) vessels valued at RM23.32 million.

Its unit also received a letter of award from Dayang Enterprise Sdn Bhd to provide'' one workboat valued at RM8.68 million

'The contract extension is for a period of one year each. One of the AHTS vessels under the contract extension has commenced its contract in August 2011, whereas the contract extension for the other AHTS vessel shall take effect in December 2011,' it said.

Alam Maritim said the RM32 million contracts were expected to positively contribute to the earnings and net assets for the financial year ending Dec 31, 2011 and beyond.

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