Coastal Contracts Bhd secures US$44m for 8 Vessels (Scandinavian Oil-Gas Magazine)

Coastal Contracts Bhd secures US$44m for 8 Vessels

Published Feb 26, 2016

Malaysia’s Coastal Contracts Bhd through its wholly owned subsidiaries has collectively secured contracts for the sales of three units Offshore Support Vessels (OSV) and five units low-end vessels for an aggregate value of approximately RM185 million (US$44million).

Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyers up to 25 February 2016, Coastal Group has about RM1.2 billion (US$288.2 million) worth of cumulative sales orders awaiting delivery to customers up to 2017.

Tags: Coastal Contracts Bhd

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