Alam Maritim Resources’ subsidiary, Alam Maritim, has recently received a letter of award from petronas for the provision of spot charter marine vessels.
According to Alam Maritim’s Bursa Malaysia filing, the contract is for a period of two years effective from January 29, 2015 until January 28, 2017. The contract includes an extension option of one year exercisable by Petronas, from January 29, 2017 to January 28, 2018.
Alam Maritim has been awarded seven out of the eight packages offered by Petronas under the umbrella contract and allows the company to provide Anchor Handling Tug / Supply Vessel, Straight Supply Vessel, Fast Crew Boat, Workboat, Work barge, General Purpose/Utility Vessel, and Platform Supply Vessel.
Furthermore, the contract will enable ALAM to provide the vessels, crew and associated equipment for continuous 24-hour operations.
The company explains that the total value of the contract will depend on the actual number of days the vessels are on-hire based on instructions from Petronas from time to time during the contract period.