Alam Maritim Unit Gets Jobs Extension

Alam Maritim Resources Bhd’s wholly-owned subsidiary Alam Maritim (M) Sdn Bhd has received confirmation from an oil major to extend the existing charter contracts for four utility tugs and vessels and one straight supply vessel for RM70.95mil.

Alam told Bursa Malaysia that the contracts were for one- year charter for one straight supply vessel effective from August and three – year charter for four utility tugs and vessels effective from September. The contracts are expected to contribute positively to the earnings and net tangible assets of Alam for the financial year ending Dec 31 and beyond.
Source: Alam Maritim