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.
April 4, 2023
Courtesy Coastal Contracts
Coastal Supreme Osv 642c933c5d07b

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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