Kuala Lumpur: Coastal Offshore (Labuan) and Thaumas Marine have collectively secured contracts for the sale of five anchor handling tug supply vessels (AHTSs), one 300 man accommodation work barge and one 85 m subsea support/maintenance vessel for an aggregate value of approximately RM425m.
Among the seven offshore support vessels (OSVs) sold by Coastal Group, five vessels were sold to new customers from Southeast Asia and Africa, whereas two vessels were sold to regular customers.
These vessels are scheduled for delivery during 2013 and 2014.
Coastal Group has approximately RM1bn worth of vessel sales orders awaiting delivery to customers up to 2014.
Mr Ng Chin Heng, the Eexecutive chairman of Coastal, commented: “We are pleased that Coastal Group was able to capitalise the recovery in the OSV sector by securing these contract wins from existing as well as new customers. We see this as a positive development and we are looking forward to capitalise more contract inflows.” [29/07/13]
