KUALA LUMPUR (March 28): Enra Group Bhd has bagged a bareboat charter contract worth at least US$9.32 million (RM41 million) for the provision and chartering of its chemical/oil tanker Ratu Enra.
In a bourse filing on Tuesday (March 28), Enra said its subsidiary Hexagon Energy Logistics Sdn Bhd had on Monday (March 27) entered into the bareboat charter contract with 7Seas Maritime Transportation — FZCO, a company incorporated in United Arab Emirates.
The contract has a tenure of five years with a mutual option to extend it further for another five years.
The charter period will begin immediately after the end of Ratu Enra's current charter contract in Yetagun on June 5, 2023, said Enra.
It expects the contract to contribute positively to the group’s earnings per share and net assets for the financial year ending March 31, 2024.
At noon break, Enra’s share price were unchanged at 68 sen, valuing the group at RM93 million.