Alam Maritim secures RM6.5m underwater services work order

Alam Maritim secures RM6.5m underwater services work order
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KUALA LUMPUR (May 4): Alam Maritim Resources Bhd has received a work order for underwater services from SapuraOMV Upstream (PM) Inc for RM6.49 million.

The work order, secured by Alam Maritim’s wholly-owned unit Alam Maritim (M) Sdn Bhd, is expected to start in June and be completed in July this year.

This marks the third work order announced by Alam Maritim year to date, amounting to RM59.3 million in total.

Alam Maritim shares closed unchanged at seven sen today, valuing the vessel operator at RM79.22 million. Year to date, the counter has fallen 46.15%.