Enra Group secues RM41m bareboat charter contract

ENRA Group Bhd’s subsidiary, Hexagon Energy Logistics Sdn Bhd, has entered into a bareboat charter contract (BBC) with UAE based 7Seas Maritime Transportation-FZCO for the charter of chemical/oil tanker Ratu Enra.

In a Bursa Malaysia filing today, the group said the contract is worth at least RM41 million over a five-year period with a mutual option to extend for another five years.

Enra Group said the charter period will begin immediately after the end of Ratu Enra’s current charter contract in Yetagun on June 5, 2023.

The contract is expected to contribute positively to Enra group’s earnings per share and net assets per share for the financial year ending March 31, 2024, it said.

Enra Group shares were unchanged at 68 sen today with a market capitalisation of RM93 million. – TMR / pic TMR File