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.
WHAT DO YOU THINK?
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.
- Alam Maritim Bags $6.8M PETRONAS' Subcontract for PFLNG1 Facility (Jun 02)
- Alam Maritim Lands $13M Contract to Provide Workboat to PETRONAS Carigali (Mar 15)
- Alam Maritim Bags EPCIC Contract from PETRONAS Carigali for TCOT Project (Dec 02)