Coastal Contracts bags OSV sale and charter extension

COASTAL Contracts Bhd has secured the sale of an offshore support vessel (OSV) through its unit, Coastal International Marine Inc, and a five-year charter extension for another vessel via Pleasant Engineering Sdn Bhd. 

While the contract values were not disclosed, the company expects these deals to positively impact its earnings for the financial year ending December 31, 2024, and beyond. 

Coastal Contracts’ shares closed 1.23% lower at RM1.60, with a market capitalisation of RM878.03 million. –TMR