Search results for: Coastal Contracts

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  • 24 July 2015
    Business & Finance

    Malaysia’s Coastal Contracts has through its wholly-owned subsidiaries inked contracts for the sales of two Offshore Support Vessels and six low-end vessels for an aggregate value of approximately RM130 million (USD 34 million). All of these vessels are expected to be delivered in 2015, Coastal said in a filing to Bursa Malaysia. Consequently, the revenue stream from […]

  • 24 July 2015
    Business & Finance

    Malaysia’s Coastal Contracts has through its wholly-owned subsidiaries inked contracts for the sales of two Offshore Support Vessels and six low-end vessels for an aggregate value of approximately RM130 million (USD 34 million). All of these vessels are expected to be delivered in 2015, Coastal said in a filing to Bursa Malaysia. Consequently, the revenue stream from […]

  • 2 November 2018
    Business & Finance

    Malaysian marine services and vessel provider Coastal Contracts has been awarded charter contracts for two of its vessels. 

  • 10 October 2016

    Malaysian marine services and vessel provider Coastal Contracts was recently served with a notice of arbitration from one of its suppliers for an alleged wrongful termination of a shipbuilding contract.  The notice was served to one of Coastal Contracts’ subsidiaries for terminating the shipbuilding contract back in July 2016 due to builders’ alleged failure to deliver the vessel […]

  • 24 July 2015
    Business & Finance

    Coastal Contracts Bhd, a Malaysia-based provider of marine products and services to the shipping and oil and gas industries, has announced that its subsidiaries have collectively secured contracts worth approximately RM130 million ($34.01 million).  According to the company’s Bursa Malaysia filing, the contracts are for the sales of two units of offshore support vessels and six units […]

  • 14 August 2012
    Business & Finance

    Coastal announces that its wholly-owned subsidiaries have secured contracts for the sale of one unit 300 Men Accommodation Work Barge, one unit Anchor Handling Tug Supply and two units low-end vessels for an aggregate value of approximately RM141 million. Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyers in […]

  • 13 October 2015
    Exploration & Production

    Coastal Contracts, a Malaysian provider of offshore services, has informed that its subsidiary Thaumas Marine has filed a notice of arbitration against CIMC Raffles Offshore, and Dynamic Driller, seeking $5.65 million in damages. According to Coastal Contracts, the reasons for the move lie in the fact that CIMC Raffles and Dynamic driller failed to deliver a […]

  • 29 July 2013
    Business & Finance

    Coastal Contracts Bhd announced on July 26th that its wholly-owned subsidiaries, Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd have collectively secured contracts for the sale of five Anchor Handling Tug Supply (AHTS) vessels, one 300 Men Accommodation Work Barge and one 85m Subsea Support/Maintenance Vessel for an aggregate value of approximately RM 425 […]

  • 26 September 2014
    Business & Finance

    Malaysia’s Coastal Contracts Bhd has secured contracts for the sales of seven Offshore Support Vessels for approximately RM444 million ($136.4 million). Clinching of these new contracts has further strengthened the Group’s already sizeable order book to RM2.6 billion. Of this, the vessels sales order book constituted RM1.4 billion. The balance order book comprised RM1.2 billion […]

  • 19 December 2011

    Coastal Contracts Bhd, a Malaysia-based company, won contracts for the sale of three offshore support vessels (OSVs), two landing crafts and two barges worth approximately RM233m ($73.3m). following these contracts, the value of Coastal’s secured vessel sales orders reached approximately RM610m. Tidewater Group purchased the two OSVs, a Nigerian buyer acquired the third OSV, a […]

  • 5 March 2007

    Coastal Contracts Bhd, a shipyard specialising in building offshore support vessels for the oil and gas sector, sees bright prospects for its shipbuilding and repairing business, driven by growing demand amid a favourable global macroeconomic environment.

  • 23 June 2014
    Business & Finance

    Malaysia’s Coastal Contracts Bhd’ has through its subsidiaries Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd secured contracts for the sales of three units Offshore Support Vessels (“OSV”) and three tugboats for an aggregate value of approximately RM180 million ($56 million). Clinching of these new contracts has further strengthened the Group’s already sizeable order […]

  • 13 August 2013
    Business & Finance, Project & Tenders

    Coastal Contracts Bhd announced that its wholly-owned subsidiary, Thaumas Marine Ltd, has secured contracts for the sale of one unit Anchor Handling Tug Supply (“AHTS”) and one unit Subsea Support/Maintenance Vessel for an aggregate value of approximately RM170 million. These vessels are scheduled for delivery up to 2014. The revenue stream from these vessels is […]

  • 24 September 2012
    Business & Finance

    On September 20, 2012, Coastal Contracts Bhd announced that its wholly-owned subsidiaries, Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd, have collectively secure contracts for the sale of two units Anchor Handling Tug Supply (“AHTS”) and one unit Subsea Support Vessel (“SSV”) for an aggregate value of approximately RM111 million. SSV is designed to […]

  • 23 February 2015
    Business & Finance

    Coastal Contracts’ subsidiary, Coastal Offshore (Labuan) Pte Ltd has secured contracts for the sales of two Offshore Support Vessels (OSV) for an aggregate value of approximately RM197 million ($54.1 million). According to the company, both of these vessels were sold to its new customers in Mexico. As of to date, the Group’s order book is […]

  • 1 August 2016

    Malaysian oilfield services firm and rig builder Coastal Contracts said it has entered into a joint venture deal with Indonesia’s PT Jaya Samudra Karunia Internasional. Coastal Contracts will have a 49% stake in the JV which will allow the company to “tap into the growing LNG supply chain and to further expand its business activities […]

  • 11 December 2013

    Malaysia’s Coastal Contracts Bhd  has secured contracts for the sales of one Subsea Support Maintenance Vessel (“SSMV”) and two “low-end vessels” for an aggregate value of approximately RM148 million (USD 46 million).  This is the fifth batch of vessel sales order secured by the Group in FY2013. With the securing of these latest sales, the total value of the Group’s […]

  • 28 March 2014

    Malaysia’s Coastal Contracts has secured contracts for the sales of three units Offshore Support Vessels and two units low-end vessels for an aggregate value of approximately RM178 million ($ 54 million). Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyers up to 28 March 2014, Coastal Group has about […]

  • 13 August 2014

    Chinese offshore rigs builder CIMC Raffles has delivered the Coastal Driller 4001 jack-up drilling rig to Coastal Contracts Bhd. The delivery marks the ninth rig built and delivered from the company’s yard in Yantai. Coastal Driller 4001 rig is 70.36 meters long, 76 meters wide and 9.45 meters high, with leg length of 167 meters, […]

  • 14 August 2012
    Business & Finance

    Malaysia’s Coastal Contracts has secured contracts for the sale of an Accommodation Work Barge, an Anchor Handling Tug Supply vessel and two low-end vessels for a total value of RM141 million ($45.1 million). All the vessels, except for the AHTS, have been sold to new clients from Singapore. “We are pleased to have the opportunity […]

  • 13 August 2013
    Business & Finance

    Malaysia’s Coastal Contracts has secured contracts for the sale of one unit Anchor Handling Tug Supply and one unit Subsea Support/Maintenance Vessel for an aggregate value of approximately RM170 million (USD 52 million). Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyers up to 12 August 2013, Coastal Group has […]

  • 11 December 2013
    Business & Finance

    Coastal Contracts Bhd today announced that its wholly-owned subsidiaries, Thaumas Marine Ltd and Coastal Marine Pte Ltd have collectively secured contracts for the sales of one unit Subsea Support Maintenance Vessel (“SSMV”) and two units low-end vessels for an aggregate value of approximately RM148 million.  Apart from the one unit SSMV and one unit low-end […]