Alam Maritim wins RM9.93mil contract

Alam Maritim said the contract is for its floating production storage and offloading vessel Bertam underwater inspection.

PETALING JAYA: Alam Maritim Resources Bhd has been awarded with RM9.93mil contract of release order from IPC Malaysia BV.

In a filing with Bursa Malaysia, Alam Maritim said the contract is for its floating production storage and offloading (FPSO) vessel Bertam underwater inspection in lieu of drydocking under the provision of Pan Malaysia underwater services, petroleum arrangement contractors for IPC Malaysia.

“The contract is expected to contribute positively to the earnings and net tangible assets of Alam and its group of companies for the financial year ending Dec 31,2020, ” it said.