Handal to supply pedestal crane for E6 off Malaysia

Malaysia’s Handal Resources Berhad has on November 3, 2014 accepted the Letter of Award dated September 10, 2014 from Sarawak Shell Berhad.

The LoA is for the design, supply and delivery of a pedestal crane for E6 field development project offshore Sarawak, Malaysia.

The contract’s effective date is September 10, 2014 for a duration of one year at contract price of RM 6,346,339.00 ($1.9 million).

The company says that the contract is expected to contribute positively to revenue and earnings and net assets per share of the HRB Group for the financial year ending December 31, 2014 and 2015.

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