Scomi Energy Services Bhd says that its Marine Services has secured more than RM140 million worth of contracts in the last four months. The contracts are for transportation of coal and provision of offshore vessel services to clients in Indonesia, Malaysia and Thailand.
“Our target market will remain to be the Southeast Asian region with Malaysia and Indonesia as the key locations for our coal logistics operations. We plan to continue bidding for more affreightment contracts to maximise the utilisation rates of our vessels as the region still presents good opportunities for the business. Demand for coal from Malaysian coal-powered power plants is expected to increase for the next few years. This is in line with the projected increase in total electricity generated for the country,” said SESB’s President – Marine Services, Mukhnizam Mahmud.