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Flash Note – Alam Maritim (BUY, maintain) - Secures RM85m vessel chartering contracts




Affin Hwang Investment Bank Bhd


08 Apr 2013





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Secures RM85m vessel chartering contracts Alam announced that the group has recently secured 3 vessel chartering contracts including: (i) a contract from Petronas Carigali for the provision of 1 unit of accommodation vessel for a primary period of 5 years with 1 year optional extension (total contract value is RM61.3m); (ii) a contract from an O&G company to provide 1 unit of platform supply vessel for a primary period of 270 days with extension option for 135 days (RM13.0m) and; (iii) an extension of contract for 1 unit of work barge (104 days, contract value is RM10.9m).

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