THHE Destini Secures MMEA OPV Contract

KUALA LUMPUR: THHE Destini Sdn Bhd has secured the contract for three offshore patrol vessels (OPV) for the Malaysian Maritime Enforcement Agency. The contract is worth RM738.9 million, the company said in a filing with Bursa Malaysia on Jan. 19.

From Bernama

KUALA LUMPUR: THHE Destini Sdn Bhd has secured a RM738.9 million contract for the supply, delivery, testing and commissioning of three units of offshore patrol vessels (OPVs) for Malaysia Maritime Enforcement Agency.

In a filing to Bursa Malaysia today, THHE Destini said, the contract, for 42 months, was expected to contribute positively to its earnings and net assets per share for the financial years ending Dec 31, 2017 to Dec 31, 2020.

THHE Destini is a joint-venture company between TH Heavy Engineering Bhd’s (THHE) unit, THHE Fabricators Sdn Bhd, and Destini Shipbuilding and Engineering Sdn Bhd. — BERNAMA

Damen 1800 OPV, the likely design for the MMEA OPV requirement.

The filing however, did not specified the OPV design to be build. Malaysian Defence has reported previously that it will be a Damen design.

Damen 1800 OPV.

As mentioned previously, it is likely the signing of the contract will be done at LIMA 17 this March.

— Malaysian Defence

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