Malaysia: Alam Maritime secures contract for pipelay barge

Contracts, Tenders and Rates - October 22, 2012

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The Board of Directors of Alam Maritim Resources Berhad in Malaysia haveannounced that its jointly controlled entity, Alam Swiber DLB (L) Inc, hasentered into a charter party agreement with Newcruz Offshore Marine Pte Ltd for the charter of a pipelay barge identified as 1MAS-300.

The contract, valued at approximately RM18.00 million, is for a firm charter period of 175 days. The contract was expected to commence by the third week of October 2012.

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