Malaysia's Alam Maritim Gets Notice of Charter Extension for 5 Vessels

Malaysia's Alam Maritim Resources Berhad announced Tuesday that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, had recently received Letters of Extension from an established oil major confirming its intention to exercise the option to extend the existing charter contracts for 4 utility tugs/vessels and 1 straight supply vessel for a total contract sum of approximately $22.03 million (MYR 70.95 million).

The subsidiary company has accepted the contracts, Alam Maritim said in an announcement on local stock exchange Bursa Malaysia.

The long term charters cover a straight supply vessel for a year beginning in August, while 4 utility tugs/vessels will be chartered for 3 years effective from September.

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  Aker Solutions to Buy Brazilian C.S.E (Oct 21)
 -  Sea Trucks Group Secures Work Offshore... (Oct 21)
 -  Shell Divests Non-Core Oil, Gas Proper... (Oct 21)
 -  Petrofac Appoints New CFO (Oct 21)
 -  Wheatstone LNG Development Start-Up in... (Oct 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Consultant - Enclosures
Expertise: Electrical Engineering|Mechanical Engineering
Location: Houston, TX
Construction Operator with CDL
Expertise: Heavy Machinery Operator|Laborer
Location: Sand Springs, OK
Shop Mechanic - Grand Prairie, TX
Expertise: Customer Service|Mechanic
Location: Grand Prairie, TX, TX
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours