<div>This article first appeared in <em>The Edge Financial Daily</em>, on March 22, 2017.<br />
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<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Upstream oil and gas services provider Alam Maritim Resources Bhd has bagged a one-year contract to provide subsea inspection, maintenance and repair services for RM99 million.</p></div>

<div class=newsTextDataWrapInner><p>This is the second contract win the loss-making Alam Maritim has announced on Bursa Malaysia this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Alam Maritim did not identify the company that awarded the contract, only citing it as “independent oil and gas exploration and production company”.</p></div>

<div class=newsTextDataWrapInner><p>“The contract is expected to contribute positively to Alam Maritim’s earnings and net tangible assets for the financial year ending Dec 31, 2017 and beyond,” the company said in a regulatory filing yesterday.</p></div>

<div class=newsTextDataWrapInner><p>Alam Maritim shares have fallen 80.6% from this year’s peak of 36 sen in mid-February, to close at 28.5 sen yesterday, with a market capitalisation of RM263.47 million.</p></div>

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This article first appeared in The Edge Financial Daily, on March 22, 2017.

 

KUALA LUMPUR: Upstream oil and gas services provider Alam Maritim Resources Bhd has bagged a one-year contract to provide subsea inspection, maintenance and repair services for...

Alam Maritim bags RM99m inspection and maintenance job

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<p>It is now conventional wisdom that global capital flows to the developing world are pro-cyclical, increasing when advanced economies ease monetary policy and retreating when their interest rates rise. A case in point is the growing number of developing countries experiencing liquidity and solvenc...