KUALA LUMPUR: Marine & General Bhd
’s (M&G) subsidiary Jasa Merin (Malaysia) Sdn Bhd received letters of award from Petronas Carigali Sdn Bhd, ExxonMobil Exploration and Production Malaysia Inc, and Vestigo Petroleum Sdn Bhd worth RM300 million.
In a filing with Bursa Malaysia, the group said the contracts were for the provision of six straight supply vessels and three anchor-handling tug supply vessels for a firm period of three years.
"The charterers have an option to extend their respective contract for a period of up to another three years. The contracts are expected to commence by end-February 2025,” it added.
The group said the contracts are expected to contribute positively to its earnings for the financial period ending April 30, 2025.
M&G’s share price was flat at 30.5 sen at the close today. - Bernama
