Thursday, October 29, 2009

Alam Maritim (RM1.89) subsidiary bags two jobs worth RM36.98m

Alam Maritim Resources Bhd, which provides support services for the oil and gas industry (O&G), announced that its 60% owned subsidiary Workboat International DMCCO was awarded two contracts from a main contractor of oil majors that is cumulatively worth RM36.98 million.

One of the contracts is for the supply of a unit of accommodation /crane barge for a total contract sum of approximately RM20.13 million while another is for a contract sum of RM16.85 million.

The first contract of RM21.13 million is for a period of 191 days with option for extension. The vessel will be operating in Indian water and the contract is expected to contribute positively to Alam Maritim's earnings and net assets for the financial year ending Dec 31, 2009, and beyond.

The second job of RM16.85 million, is for the supply of a unit of diving support and maintenance vessel, namely MV Setia Sakti. The contract is for a period of 187 days and the vessel will also be operating in Indian water.


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