KUALA LUMPUR: Alam Maritim Resources Bhd’s wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, has secured a RM52mil contract for the Cendor Pipeline Project from Petrofac Malaysia.

       Alam Maritim, in a filing with Bursa Malaysia, said the contract was for the provision of transportation, installation and pre-commissioning of flexible risers and other appurtenances for the Cendor Pipeline Project.

       The contract is expected to be completed on July 21, 2022.

       “The contract is expected to contribute positively to the earnings and net tangible assets of Alam Maritim and its group of companies for the financial year ending June 30, 2022 and 2023,” it said.