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Alam Maritim inks charter agreement
by hlk Tue 06 Sep 2011, 20:10
Alam Maritim Resources Bhd's subsidiary, Alam Maritim (M) Sdn Bhd, has signed a Charter Party Agreement with ExxonMobil Exploration and Production Malaysia Inc (EMEPMI) for the provision of an accommodation vessel and an Anchor Handling Tug.
The Contract is for a primary period of three years with an extension option exercisable by EMEPMI for another two years.
"The Contract is for a value of up to RM220.83 million (if EMEPMI engages the vessel and tug for the full duration - inclusive of optional period)," Alam Maritim said in a filing to Bursa Malaysia today.
The Contract is expected to positively contribute to the earnings and net assets of Alam Maritim for the financial year ending Dec 31, 2011 and beyond. -- Bernama
The Contract is for a primary period of three years with an extension option exercisable by EMEPMI for another two years.
"The Contract is for a value of up to RM220.83 million (if EMEPMI engages the vessel and tug for the full duration - inclusive of optional period)," Alam Maritim said in a filing to Bursa Malaysia today.
The Contract is expected to positively contribute to the earnings and net assets of Alam Maritim for the financial year ending Dec 31, 2011 and beyond. -- Bernama
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