It has secured and commenced a long term charter for an offshore support vessel to Australia, and it has also sold an offshore vessel abroad for a total of RM88 million for the two transactions.

its unit Sealink Sdn Bhd had secured a long term charter for an offshore supply vessel for a three-year period from the second quarter of 2010.

Meanwhile, Sealink Engineering and Slipway Sdn Bhd, another unit Sealink, had secured a contract for the sale of an offshore supply vessel and the vessel is expected to be delivered around the end of 2010, it said.

For the first five months of 2010, the group had secured long term charters and sale of vessels of about RM146 million.

The contracts were expected to contribute positively to its earnings for the FY ending Dec 31, 2010 and beyond.