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NewsCoastal secures vessel sales worth RM111m (5071)
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Coastal secures vessel sales worth RM111m (5071)
by hlk Fri 21 Sep 2012, 08:09
KUALA LUMPUR: Coastal Contracts Bhd will sell two Anchor Handling Tug
Supply units and one Subsea Support Vessel (SSV) for RM111 million.
The
contracts were secured collectively through Coastal's wholly-owned
units, Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd.
"The
SSV is sold to a new customer from United Arab Emirates while the two
Anchor Handling Tug Supply units are sold to a loyal customer from
Indonesia.
"All of these vessels are expected to be delivered in 2012 and 2013," Coastal Contracts said in a statement.
It
added that consequently, the revenue stream from these vessels were
expected to contribute positively to the top and bottom-line
performance of the company for the financial year ending Dec 31, 2012
and the following fiscal year.
To-date, the group has approximately RM743 million worth of orders awaiting delivery to customers up to 2013.
BERNAMA
Supply units and one Subsea Support Vessel (SSV) for RM111 million.
The
contracts were secured collectively through Coastal's wholly-owned
units, Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd.
"The
SSV is sold to a new customer from United Arab Emirates while the two
Anchor Handling Tug Supply units are sold to a loyal customer from
Indonesia.
"All of these vessels are expected to be delivered in 2012 and 2013," Coastal Contracts said in a statement.
It
added that consequently, the revenue stream from these vessels were
expected to contribute positively to the top and bottom-line
performance of the company for the financial year ending Dec 31, 2012
and the following fiscal year.
To-date, the group has approximately RM743 million worth of orders awaiting delivery to customers up to 2013.
BERNAMA
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