Alam Maritim has nabbed a MYR121.5m ($38.2m) work boat supply contract from Petronas Carigali, Seatrade Asia Online reports.
The one-year contract to support its Peninsular Malaysia operation's painting activities began on 25 May and there is a further one-year extension option.
The contract is expected to contribute positively to earnings and net assets for the financial year ending 31 December 2012 and beyond.
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