The client, an established oil major, is exercising options to extend the existing charter contracts. The contracts are for long term charters of one year for the SSV effective from August 2014, and three years for the four utility tugs/vessels effective from September 2014.
The contracts are expected to contribute positively to the earnings and net tangible assets of Alam Maritim for the financial year ending 31 December 2014 and beyond, the company said in a stock market announcement.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
