Marine & General contract suspended

TheStar Fri, Jul 24, 2020 08:00am - 3 years View Original


The suspension is expected to reduce the revenue of Marine & General for the financial period ending April 30,2021 by RM5.5mil, the company said in a filing with Bursa Malaysia.

PETALING JAYA: Marine & General Bhd’s Jasa Merin (M) Sdn Bhd’s contract to supply an anchor handling tug and supply vessel to Repsol Oil and Gas Malaysia Ltd has been suspended.

The company which is involved in the upstream and downstream marine logistics business said Jasa Merim had received the notice to suspend the work order on May 26.

The original expiry date was Oct 31 this year while the off-hire date was June 8.

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