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HomeMaritime NewsRegionsAsiaCoastal picks up $56m six-vessel deal

Coastal picks up $56m six-vessel deal

Coastal picks up $56m six-vessel deal
Units of Coastal Contracts have secured MYR180m ($56m) in contracts for the sale of three offshore support vessels (OSVs) and three tugboats.

This latest order win brings its orderbook to MYR1.2bn worth of deliveries up to 2015.

“The revenue stream from the latest contracts is expected to contribute positively to the earnings per share and net assets per share of the Coastal group,” the group said in an announcement.

TAGS: Offshore Shipyards
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