The vessels, one unit 300-man accommodation work barge, one unit anchor-handling tug supply and two units low-end vessels, are expected to deliver within this year and 2013.
From there, the revenue stream from the sale is expected to contribute positively to the group for the financial years ending Dec 31, 2012 (FY12) and FY13.
The group told Bursa Malaysia that it had about RM711mil worth of vessel sales orders waiting delivery to customers up to 2013.
Executive chairman Ng Chin Heng said that: “Following our recent order book intakes of RM446mil last month, we are glad to secure another major win within a short period of time despite the global economy’s growth is threatened by eurozone debt crisis and its spill-over effects.”
“We are pleased to have the opportunity to enter business relationships with our new customers through the sale of one unit 300-man accommodation work barge and two units tugboat. We would like to thank to our new customers for selecting us as their business partner.”
The 300-man accommodation work barge is designed to accommodate up to 300 work personnel and crew in the offshore work site. It is made to provide a better workplace to the offshore workmen.
This vessel is equipped with 88 cabin accommodation facilities and office facilities as well as with prayer room, TV room, gymnasium room, recreation room and more.
Except for the anchor-handling tug supply sold to a repeat customer, the rest of the vessels are sold to new customers from Singapore.