Thaumas Marine Secures Charter Deal for Newbuild Jack-Up

Coastal’s wholly-owned subsidiary, Thaumas Marine Ltd has secured a charter contract for a newbuild Jack-Up Gas Compression Service Unit  for an aggregate value of approximately RM1.24 billion from a group of Mexican companies.

Pemex’ production unit in the Gulf of Mexico

The company has in turn entered into a gas compression service contract with Petroleos Mexicanos, the Mexican state-owned petroleum company.

The construction work will be started immediately and is expected to complete in the first half of 2015. The charter contract is for a period of eight years with extension option up to twelve years. The charter contract is expected to commence by the second half of 2015.

The charter contract valued at approximately RM1.24 billion is expected to contribute positively to the revenue stream, earnings and net assets of Coastal Group for the financial year ending 31 December 2015 and the financial periods thereafter for the duration of the charter contract.

 

Press Release, February 10, 2014

 

 

 

Share this article

Follow World Maritime News

Posted on February 10, 2014

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >