Alam Maritim unit gets RM24.75m charter party contacts

KUALA LUMPUR: ALAM MARITIM RESOURCES BHD []’s unit has entered into two charter party agreements for a total sum of RM24.75 million.

In a statement Monday, April 25, Alam Maritim said its unit Alam Maritim (M) Sdn Bhd had entered into the agreements with two oil and gas services companies for the provision of one unit Workboat and one unit 4 Point Mooring System Workboat.

It said the 4 Point Mooring System Workboat contract worth RM6.75 million was for sixty days from April 17, with an extension option for another 30 days.

Meanwhile, the Workboat contract worth RM18 million was for a period of 12 months from April 18, with an extension option on a monthly basis.

It said the contracts were expected to positively contribute to its earnings for the financial year ending Dec 31, 2011.