Alam Maritim was recently awarded several contracts for the provision of offshore support vessels by oil and gas companies and main contractors in Malaysia and the Middle East.
KUALA LUMPUR: Offshore support vessels (OSV) and sub-sea services provider Alam Maritim Resources Bhd
hopes to return to the black in the current financial year ending Dec 31, 2018 on the back of newly-secured oil and gas (O&G) related contracts.
Group chief executive officer Datuk Azmi Ahmad said the group was short of long-term contracts in 2017 compared with this year, during which it managed to secure several long-term contracts to help lift the vessel utilisation rate.
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