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THE construction of six patrol vessels by Boustead Heavy Industries Corp Bhd (BHIC), a maritime engineering and defence-related services provider, may only begin as early as the fourth quarter of next year.
A local SME is playing an important role in improving the radar coverage of Malaysia’s coasts and skies.
KUALA LUMPUR: TH Heavy Engineering has received a non-binding letter of intent from the Malaysian Maritime Enforcement Agency (MMEA) to supply three offshore patrol boats.
KUALA LUMPUR: Blue chips came under selling pressure throughout Thursday, with Genting Bhd erasing 2.4 points from the FBM KLCI, in line with the weaker broader market and key regional bourses.
KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd's (BHIC) subsidiary has secured a RM62.58mil government contract to provide maintenance and support services for three helicopters.
AFTER bondholders rejected Perisai Petroleum Teknologi Bhd’s debt restructuring plan early this month, all eyes are now on cash-strapped TH Heavy Engineering Bhd (THHE). The oil and gas (O&G) fabricator, which has been hit by dwindling revenues since the fallout from the oil price crash, early this week sought to extend the maturity date of its debt papers by one year, from Sept 30, 2016 to Sept 29, 2017.
KUALA LUMPUR: THHE Destini Sdn Bhd, a 51:49 joint venture (JV) between Destini Bhd and TH Heavy Engineering Bhd (THHE), has clinched a RM738.9mil contract to supply three offshore patrol vessels for the Malaysian Maritime Enforcement Agency (MMEA).