Alam Maritim completes US$1.8mil vessel sale


PETALING JAYA: Alam Maritim Resources Bhd has completed the sale of its vessel to an India-based firm for US$1.8mil (RM7.5mil).

The disposal of the Setia Tujuh vessel, which could deliver a gain on disposal of about RM2.5mil, was part of Alam Maritim’s plan to scale down its offshore support vessel segment in order to focus on the subsea segment.

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