Shipbuilder, Coastal Contracts Bhd's units, Thaumas Marine Ltd and Pleasant Engineering Sdn Bhd, have collectively secured contracts to sell 11 tugboats to a buyer based in Central America worth RM61 million.
Revenue from the 11 vessels is expected to contribute positively to the group's top and bottom line performance for the financial year ending December 31, 2011, said Coastal in a filing to Bursa Malaysia today. - Bernama
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