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Icon Offshore's unit bags RM39 mln AHTS contract

Last update: 10/06/2019
KUALA LUMPUR, June 10 (Bernama) -- Icon Offshore Bhd's unit, Icon Offshore Group Sdn Bhd, has secured a contract worth approximately RM39 million to provide an anchor handling tug supply (AHTS) vessel to Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd.

The offshore support vessel provider said the contract, which commenced on April 6, 2019, was for a period of 825 days, with an extension option of two years.

In a statement today, it said the contract was expected to increase the company’s revenue and contribute positively to the earnings, order book and net assets of the group for the financial year ending Dec 31, 2019 and beyond.

"Icon has been committed to ongoing efforts to increase utilisation, and this contract is a testament to our strong track record in terms of quality of service and fleet management.

"We have been working hard to balance our cost-optimisation efforts and to maintain the rigorous health, safety, security and environment standard that is critical in this business," said acting chief executive officer, Captain Hassan Ali.

-- BERNAMA







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