Alam Maritim active, up 4.54% on bagging RM40m contract

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KUALA LUMPUR (March 12): Alam Maritim Resources Bhd shares rose 4.54% in active trade after it bagged an RM40 million four-year contract to provide underwater inspection services for Carigali Hess Operating Co Sdn Bhd facilities.

At 9.10am, Alam Maritim rose 0.5 sen to 11.5 sen with 3.86 million shares traded.

Its subsidiary Alam Maritim (M) Sdn Bhd won the contract from Carigali Hess, and will deal in the inspection of Carigali Hess Jackets, pipelines and floating storage and offloading unit (FSO) with the contract set to last from Sept 5,2018 till Sept 4, 2022, with a possible one-year extension