Marine Link
Thursday, May 6, 2021

Malaysia: Boustead Heavy Industries Nets $19M Submarine Facilities Upkeep Deal

Maritime Activity Reports, Inc.

April 22, 2021

Illustration by alexlmx/AdobeStock

Illustration by alexlmx/AdobeStock

Malaysia’s Boustead Heavy Industries has won a deal for submarine facilities upkeep for the Royal Malaysian Navy.

The company said Thursday that it had on April 21, accepted the Letter of Acceptance dated April 7, 2021, from the Ministry of Defence Malaysia representing the Government of Malaysia, related to the submarine facilities work.

The contract value is RM78,141,440.00 (~around $19million) for a contract period of twenty-four months from January 1, 2021, until December 31, 2022. A formal contract between the Government of Malaysia and BSES will be finalized and executed at a later date.

"The Contract will contribute positively to the earnings of the BHIC Group for the financial year ending 31 December 2021," Boustead Heavy Industries said, without providing further details.

Offshore Wind is the focus of this special April 2021 eMag edition from Maritime Reporter & Engineering News (MR), combining the resources of MR + sister-publications Marine News and Offshore Engineer
Read the Magazine

Crowley, Esvagt Team to Tackle Offshore Wind Opportunities

US Jobs from US Offshore Energy, a Goal 44 Years in the Making

Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week

Subscribe for Maritime Reporter E-News