Bintulu Port In News

KUALA LUMPUR: Bintulu Port Holdings Bhd’s unit Bintulu Port Sdn Bhd has awarded a RM21.93mil contract to Integrated Marine Works Sdn Bhd for maintenance dredging works.

It said the four-month contract also entailed a 6% goods and services tax totalling RM1.316mil.

Bintulu Port, which is 28.5% owned by Petroliam Nasional Bhd, said a rate of 0.0219% of the contract sum per day (excluding the 6% GST) would be imposed as liquidated and ascertained damages for non—performance of the works.

In February 2013 Bintulu Port had awarded Integrated Marine Works a RM437mil contract under the Samalaju Port Phase 1 capital dredging and reclamation package.

In 2004 Integrated Marine Works was awarded a 15-year concession by the Government for the maintenance and dredging works on all major ports and river ports in the country.

Bintulu Port shares last traded at RM6.50 (Oct 7).

Source: The Star