Coastal Contracts Sells Two Offshore Support Vessels for $65M

Tuesday, April 4, 2023

Malaysian offshore vessel services firm Coastal Contracts said Tuesday its subsidiaries had secured contracts for the sales of two offshore support vessels for an aggregate value of approximately RM287.3 million (currently around $65,2 million).

"The revenue stream from the latest contracts is expected to contribute significantly to the earnings of the group for the financial year ending 30 June 2023," Coastal Contracts said.

The company did not say who the clients were or which vessels had been sold.


Categories: Energy Vessels Asia

Related Stories

US Pressure on India Could Propel Russia's Shadow Oil Exports

Eni-Petronas Gas Joint Venture Up for Launch in 2026

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

DOF Secures Moorings Hook-Up Job in Asia Pacific

Synergy Marine Group Completes Conversion of LNG Vessel to FSRU

Marco Polo Picks Salt Ship Design for Next-Gen Offshore Energy CSOV

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

Current News

Sponsored: UAE Breaks Ground on World First Gigascale Renewable Energy Project

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com