Malaysia-listed logistic company Scomi Energy Services has clinched contracts worth more than MYR140 million (USD35.6 million) in the April-July period through its marine services business segment.
The contracts were mainly for transporting coal and providing offshore vessel services to customers based in Indonesia, Malaysia, and Thailand.
Scomi Energy marine services president Mukhnizam Mahmud expects the demand for coal to pick up in line with increased electricity consumption by Malaysian coal-powered plants.
The company is seeking to grow its offshore services unit, which supplies vessels to the oil and gas industry, with biddings for projects across India, Indonesia, Malaysia, Myanmar, and the Middle East.
“We will continue to submit bids for offshore services and coal logistics contracts while we take measures to rationalise our business,” said Mukhnizam.