Alam Maritim Resources Bhd.
MMYX:ALAM0.22
MYR
0.00
(0.00%)
ISIN
MYL5115OO000
Return %
Stock
S&P 500
1Y
26.47
14.20
3Y
-6.83
81.12
5Y
-37.89
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Azmi bin Ahmad
- Full Time Employees
- 152
- Sector
- Industrial services
- Industry
- Oilfield services/Equipment
- Address
- Kuala Lumpur Malaysia
- IPO Date
- Jun 29, 2006
- Website
- alam-maritim.com.my
- Similar Companies
- Business
- Alam Maritim Resources Berhad is an investment holding company that provides offshore marine support services and subsea engineering solutions to the upstream oil and gas industry. Founded in 1998 and headquartered in Kuala Lumpur, Malaysia, the company operates primarily across Malaysia, Southeast Asia, and the wider Asia-Pacific region, serving national and multinational oil and gas exploration and production companies, field operators, and offshore engineering, procurement, construction, installation, and commissioning contractors. The company organizes its business operations into three main segments: Offshore Support Vessels, Subsea Services and Offshore Installation and Construction, and Marine Logistics and Engineering Support. Its core offerings encompass the chartering, operation, and marine management of dynamic positioning anchor handling tug supply vessels, straight supply vessels, utility support craft, crew boats, workboats, and accommodation work barges; subsea inspection, repair, and maintenance services; saturation diving and air diving operations; remotely operated vehicle intervention and tooling; pipeline trenching, pipelay, and subsea tie-in engineering; offshore platform installation, hook-up, commissioning, and decommissioning; and marine logistics coordination, ship repair, fabrication, vessel catering, and maritime crew management services. In recent developments, Alam Maritim Resources Berhad has focused on executing a comprehensive financial regularisation plan under the Practice Note 17 framework to restructure its balance sheet and stabilize ongoing operations. These restructuring efforts involve a court-sanctioned Scheme of Arrangement with financial institutions and trade creditors, share capital reductions, debt settlements via equity conversion, and the issuance of new capital securities. Operationally, the company has implemented asset rationalization measures through the divestment of non-core vessels, optimized fleet utilization schedules, and secured new charter awards and subsea service contracts for upstream oil and gas production campaigns in Malaysian and regional territorial waters.