Coastal Contracts Secures RM109 Million Vessel Sale Deal

Sandakan based shipbuilder, Coastal Contracts Berhad announces that its wholly-owned subsidiaries have secured contracts for the sales of one unit Offshore Support Vessel and two units of other vessels for an aggregate value of approximately RM109.7 million.

This is will the company’s first major deal for the year and will supplement the group’s revenue until June 2022. Coastal owns an extensive range of over 40+ new build to modern offshore vessels that is capable of supporting all phases of the offshore oil & gas value chain. The fleet includes AHTS, PSVs, MPSVs, SSMVs, AWBs, USVs, SSVs, Harbourtugs, Conventional Tugboats, Dumb Barges, Oil Barges, and so on.

It is also recognised as a contractor of Petronas and is qualified as a Petronas License holder with the relevant Standardised Work and Equipment Category. 

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