Sealink ... Aug 2008

Integrated oil and gas service provider Sealink International Bhd said it had secured contracts for three offshore vessels for the third quarter of 2008.
Its wholly-owned Sealink Engineering and Slipway Sdn Bhd and Sealink Shipyard Sdn Bhd had signed contracts for the sale of three offshore vessels – two multi purpose vessels (MPV) and one anchor handling tug (AHT) as well as a long-term charter for a utility vessel (UV). Another wholly-owned subsidiary, Pacific Sdn Bhd had secured a long-term charter for the UV to be delivered in the next one week, it said.

The contracts valued at approximately RM138 million (excluding the extension period) are expected to contribute positively to the earnings and net assets of Sealink for the financial year ending Dec 31, 2008, and beyond.