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    Alum Maritim wins new contract and enters JV

    Company News // August 23, 2010

    Bernama reports that Alam Maritim Resources Bhd has secured a two-year contract worth RM30.32 million for the provision of an AHTS.

    In a separate announcement, Alam Maritim Resources said its wholly-owned subsidiary Alam Maritim (L) Inc had signed an agreement with Pacific Crest Pte Ltd to participate in a joint venture business to invest and jointly own an accommodation work barge.

    Pursuant to the joint venture agreement, both parties will invest in the equity of a duly incorporated ship-owning company under the Labuan Offshore Companies Act 1990, known as Alam Radiance (L) Inc.

     

     

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