Tgoffs ... Mar10

It has secured long-term contracts from Petronas Carigali Sdn Bhd to provide two vessels for four and five years and the contracts are valued at RM114.6 million.

Its unit Tanjung Offshore Services Sdn Bhd was awarded the contracts for the charter of two anchor handling tug and supply (AHTS) vessels. These contracts are expected to start March 2010 and April 2010.

Tanjung Offshore had on March 6 taken delivery of one of two vessels MV Tanjung Dahan 1 which would expand the fleet to 15 vessels. The second vessel, MV Tanjung Dahan 2 would be announced upon completion and commissioning in April 2010.

The award of long term charter contracts and the deliveries of the two vessels were expected to contribute positively to the future earnings and net assets of Tanjung for the financial years ending Dec 31, 2010 and beyond.