PETALING JAYA: TAS Offshore Bhd (TAS) has secured shipbuilding contracts for two units of tugboat with a total value of approximately RM15.3mil.

In a filing with Bursa Malaysia, TAS said the contracts were signed with an existing customer from Indonesia.

“These vessels are expected to be delivered in the third quarter of 2025. The revenue generated from the contract is expected to contribute positively to the earnings and net assets of TAS Group for the financial year ending May 31, 2026.