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SILK's vessel contracts with ExxonMobil extended for RM23m

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SILK's vessel contracts with ExxonMobil extended for RM23m Empty SILK's vessel contracts with ExxonMobil extended for RM23m

Post by Cals Fri 24 Jan 2014, 19:32

SILK's vessel contracts with ExxonMobil extended for RM23m
Business & Markets 2014
Written by Jeffrey Tan of theedgemalaysia.com   
Friday, 24 January 2014 18:27

KUALA LUMPUR (Jan 24): SILK Holdings Bhd has obtained contracts extension from ExxonMobil Exploration and Production Malaysia Inc worth RM23 million, for the provision of two 60MT anchor handling tug supply vessels.

In a statement to Bursa Malaysia, SILK said the contracts extension is pursuant to the vessel contracts awarded to Jasa Merin (M) Sdn Bhd, a subsidiary of SILK in July 17 last year.

“The contracts extension is expected to contribute positively to the group’s earnings and assets for the financial year ending July 31, 2014,” said SILK.

It added the contracts extension is for a one year period, which will commence on February 2 and 5 this year.
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