Malaysia: Alam Maritim ventures into subsea services market
- Business & Finance
Malaysia’s offshore services provider Alam Maritim Resources is venturing into subsea services market through a joint venture company with AME Subsea.
Alam Maritim said in a Bursa Malaysia filing last Friday, September 7 that its subsidiary Alam Hidro and AME Subsea had entered into a shareholders’ agreement for the purpose of venturing and providing offshore underwater and subsea services.
This will include a complete work program of underwater, structural and topside inspection, repair and maintenance, particularly in the international markets, said Alam.
In line with the agreement, Alam Hidro and AME Subsea had incorporated a joint venture company known as Subsea Worldwide Solutions Sdn Bhd (SWS).