Alam Maritim disposes of vessel to Mumbai firm


The disposal of the Setia Tujuh vessel was part of Alam Maritim’s plan to scale down its offshore support vessel segment.

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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trump plans to roll back some tariffs on steel and aluminium�goods, FT reports
Hong Kong sees 25% increase in family offices
Strong domestic demand boosts Malaysia's GDP, narrows fiscal deficit to 3.7% - MOF
Gamuda Land reaffirms Malaysia focus, highlights 'Money Mari Home' initiative
Asian shares step back from record as tech jitters return, bonds rally
Oil set for second straight weekly drop as Iran risks recede
Broad selling drags KLCI lower at midday
Bank Negara: Ringgit up 3.9% against greenback in 4Q25
ISF unit bags RM10mil serviced apartment plumbing job
Malaysia's economy grows 6.3% in 4Q, above forecast

Others Also Read