Alam Maritim forms JV for offshore underwater segment
07 Sep 2018 / 18:05 H.
PETALING JAYA: Alam Maritim Resources Bhd’s wholly owned subsidiary Alam Hidro (M) Sdn Bhd (AHSB) has entered into a shareholders’ agreement with AME Subsea Sdn Bhd for the purpose of venturing and providing offshore underwater and subsea services.
The services include a complete work programme of underwater, structural and topside inspection, repair and maintenance, particularly in the international markets.
In line with the agreement, AHSB and AME had incorporated a joint venture company known as Subsea Worldwide Solutions Sdn Bhd, which is expected to contribute positively to Alam Maritim’s earnings and net tangible assets for the year ending 31 December 2018 and beyond.