June 28, 2017 2:38 PM ET

Marine

Company Overview of Jasa Merin (Malaysia) Sdn .Bhd.

Company Overview

Jasa Merin (Malaysia) Sdn .Bhd. provides offshore support vessels, and supports offshore oil and gas exploration and production activities of oil majors in Malaysia. It owns a fleet of vessels that include straight supply vessels, anchor handling tug supply vessels, anchor handling tug supply DP1 vessels, and anchor handling tug supply DP2 vessels to provide various services to offshore rigs. Jasa Merin (Malaysia) Sdn .Bhd. was formerly known as Jackson Marine Sdn Bhd. and changed its name to Jasa Merin (Malaysia) Sdn .Bhd. in 1987. The company was incorporated in 1980 and is based in Kemaman, Malaysia. Jasa Merin (Malaysia) Sdn .Bhd. operates as a subsidiary of Silk Holdings Berhad.

No. 7776 Jalan Kubang Kurus

Kemaman,  24000

Malaysia

Founded in 1980

Phone:

60 9 851 1100

Fax:

60 9 858 3237

Key Executives for Jasa Merin (Malaysia) Sdn .Bhd.

Chief Operating Officer
Age: 50
Executive Vice Chairman
General Manager of Operation
Compensation as of Fiscal Year 2016.

Jasa Merin (Malaysia) Sdn .Bhd. Key Developments

Silk Holdings Berhad Announces Extension of Contract for the Provision of One Unit of Straight Supply Vessel

Further to the announcement made by SILK Holdings Berhad dated 15 May 2014 with regards to the award of contract to Jasa Merin (Malaysia) Sdn Bhd (JMSB) for the provision of one unit of Straight Supply Vessel (SSV), by Carigali Hess Operating Company Sdn Bhd (Carigali Hess), the Company announced that the contract has been extended for a further one year period. The contract extension is for a period of one year beginning 12 May 2016 up to 11 May 2017. Carigali Hess has the option of a further one plus one year extension, beyond this current extension. The contract extension, valued at approximately MYR 8.8 million, is expected to contribute positively to the earnings of the Group for the financial year ending 31 December 2016 and beyond. The contract is not expected to have any effect on the share capital and shareholding structure of SILK. There are no significant risks involved in JMSB fulfilling the obligations under the contract.

Jasa Merin (malaysia) Sdn. Bhd. Gets MYR 18 Million Exxonmobil Contracts

SilK Holdings Bhd's unit, Jasa Merin (M) Sdn Bhd, has secured two contracts worth MYR 18 million from ExxonMobil Exploration and Production Malaysia Inc. The contracts are for the provision of two straight supply vessels and one anchor-hangling tug supply vessel to support ExxonMobil's Malaysian operations. The contracts will commence immediately for the terms ranging from six to 12 months.

Jasamerin (Malaysia) Sdnbhd Enters Financing Arrangement with Maybank Islamic Bhd for MYR 93,177,000

The board of directors of SILK Holdings Berhad announced that JasaMerin (Malaysia) Sdn Bhd entered into a financing arrangement with Maybank Islamic Bhd for financing facility totaling MYR 93,177,000 for 13 years tenure.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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