Coastal Contracts sells two offshore support vessels for $65M

Malaysian offshore vessel services firm Coastal Contracts said its subsidiaries secured contracts for the sales of two offshore support vessels.

Offshore staff

SABAH, Malaysia — Coastal Contracts Bhd's wholly owned subsidiaries have secured contracts for the sales of two offshore support vessels for an aggregate value of about RM287.3 million (US$65.1 million).

The revenue stream from the latest contracts is expected to contribute significantly to the earnings of the group for the financial year ending June 30, 2023.

04.04.2023

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