KUALA LUMPUR: ALAM MARITIM RESOURCES BHD []'s unit has secured a RM39.96 million contract to provide an accommodation vessel.
It said on Friday, March 26 its unit Alam Maritim (M) Sdn Bhd was recently awarded a contract by an established oil major to provide the vessel for three years with two extension options of one year each.
Alam Maritim said the contract started on March 1 and contract value at RM39.96 million, based on the primary period only, is expected to contribute positively to the earnings and net assets for FY ending Dec 31, 2010 and beyond.
