Alam Maritim Resources Bhd’s (AMRB) wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, was awarded a RM121.54 million contract from Petronas Carigali Sdn Bhd to provide four work boats to support the latter’s Peninsular Malaysia operations’ painting activities.
The contract which started on May 25 2012, requires two AMRB’s work boats for one year with an extension option for another year, for each work boat.
The contract is to contribute positively to earnings and net assets of AMRB for the financial year ending December 31 2012 and beyond.
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