Alam Maritim signs charter deal

  • Business
  • Wednesday, 07 Sep 2011

KUALA LUMPUR: Alam Maritim Resources Bhd’s subsidiary, Alam Maritim (M) Sdn Bhd, has signed a charter party agreement with ExxonMobil Exploration and Production Malaysia Inc (EMEPMI) for the provision of an accommodation vessel and an anchor handling tug.

“The contract is for a value of up to RM220.83mil (if EMEPMI engages the vessel and tug for the full duration - inclusive of optional period),” it said in a filing to Bursa Malaysia yesterday. – Bernama

The contract is expected to positively contribute to the earnings and net assets of Alam Maritim for the financial year ending Dec 31 and beyond. – Bernama

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