Tuesday, 18 October 2011

SILK bags Petronas Carigali jobs

SILK Holdings Bhd unit Jasa Merin (Malaysia) Sdn Bhd has been awarded three long-term charter contracts from Petronas Carigali Sdn Bhd worth RM55.3 million.

In a filing to Bursa Malaysia today, SILK said each contract is for the provision of one Anchor Handling Tug Supply Vessel (AHTSV).

The long-term contracts for two of the vessels, which will commence in October, are for a primary period of one year each, with an option to extend a further year.

The third vessel, to commence in early November, has a two-year primary contract period, with an option to extend another year.

The contracts are expected to contribute positively to SILK's earnings and net assets for the financial years ending July 31, 2012 and July 31, 2013 but will not affect the company's share capital and shareholding structure, it added.