December 28, 2014 7:23 PM ET

Machinery

Company Overview of Alam Maritim (M) Sdn Bhd

Company Overview

Alam Maritim (M) Sdn Bhd provides ship repair and maintenance services and is based in Kuala Lumpur, Malaysia. Maritim (M) Sdn Bhd is a subsidiary of Alam Maritim Resources Berhad.

No. 38F, Level 2, Jalan Radin Anum

Bandar Baru Sri Petaling

Kuala Lumpur,  57000

Malaysia

Phone:

60 9 058 2244

Fax:

60 9 059 6845

Key Executives for Alam Maritim (M) Sdn Bhd

Alam Maritim (M) Sdn Bhd does not have any Key Executives recorded.

Alam Maritim (M) Sdn Bhd Key Developments

Alam Maritim (M) Sdn Bhd Receives Contract Worth USD 9,563,235.00

Alam Maritim (M) Sdn Bhd announced that it had received a Letter of Award from a local oil and gas services company for the Provision of Demobilisation of a floating storage facility for a total contract sum of USD 9,563,235.00. The contract was duly accepted by the subsidiary company. The contract is expected to commence on 6 October 2014 until 15 November 2014.

Alam Maritim (M) Sdn Bhd Receives Letter of Extension from ExxonMobil Exploration and Production Malaysia Inc

The Board of Directors of Alam Maritim Resources Berhad announced that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, recently received a letter of extension from ExxonMobil Exploration and Production Malaysia Inc. exercising its option to extend the existing charter party contracts for one unit accommodation barge/vessel and one unit anchor handling tug for a total contract sum of approximately MYR 75.19 million. The contracts are for long term charters of two years for one unit accommodation barge/vessel and one unit anchor handling tug effective from 12 October 2014 until 11 October 2016. The risks associated with the contracts are mainly operational such as accidents and unexpected breakdown of vessels.

Alam Maritim (M) Sdn Bhd Receives Letters of Extension of Contract for the Provision of Four Utility Tugs/Vessels and One Straight Supply Vessel

The board of directors of Alam Maritim Resources Berhad announced that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, had recently received letters of extension from an established oil major confirming its intention to exercise the option to extend the existing charter contracts for four utility tugs/vessels and one straight supply vessel for a total contract sum of approximately MYR 70.95 million. The Contracts were duly accepted by the subsidiary company. The contracts are for long term charters of one year for one straight supply vessel effective from August 2014 and three years for four utility tugs/vessels effective from September 2014.

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