CEO Morning Brief

Dayang Bags Accommodation Work Boat Contracts From Petronas Carigali

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Publish date: Tue, 08 Oct 2024, 09:40 AM
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TheEdge CEO Morning Brief
 

KUALA LUMPUR (Oct 7): Dayang Enterprise Holdings Bhd (KL:DAYANG) has secured order awards from Petronas Carigali Sdn Bhd for six accommodation work boats.

The contracts come with different charter durations of between 61 and 153 days for each vessel.

“The value of the contracts are based on the work orders issued by Petronas Carigali throughout the duration of the contracts,” Dayang said in a statement.

The contracts involve four Dayang vessels and two vessels under its 64%-owned Perdana Petroleum Bhd (KL:PERDANA), based on the list of vessels provided by Dayang in its filing and Perdana’s fleet on its official website.

This is the third set of vessel contracts that Dayang announced this year which it won from Petronas Carigali. The group announced in February contract extensions for five vessels, all of which have been completed.

Shares of Dayang settled five sen or 2.04% lower at RM2.40, giving it a market capitalisation of RM2.78 billion. The counter is up 50% this year.

Source: TheEdge - 8 Oct 2024

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