Bintulu Port awards RM14m contract extension to Sibu-based shipbuilder

Bintulu Port awards RM14m contract extension to Sibu-based shipbuilder
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KUALA LUMPUR (May 19): Bintulu Port Holdings Bhd has awarded a RM14.24 million contract extension to Sibu-based Sing Kiong Hong Dockyard Sdn Bhd to hire two units of 25-tonne ship handling tugs complete with crew for its wholly-owned subsidiary Bintulu Port Sdn Bhd (BPSB).

In a bourse filing on Thursday (May 19), Bintulu Port said BPSB has issued the letter of extension of contract to Sing Kiong Hong Dockyard for the contract, which is for a 36-month period from May 19, 2022 to May 18, 2025 or until the expiry of the concession period for BPSB to operate Bintulu Port, whichever occurs first.

At 3.08pm on Thursday, Bintulu Port shares were unchanged at RM5.08 with 15,000 shares traded. Its market capitalisation was RM2.34 billion.

Kang Siew Li