Mooreast Secures $6.7 Million Offshore Mooring Upgrade Project in Gulf of Thailand

MT Newswires

2024-11-13

Mooreast Holdings (SGX:1V3) has secured a $6.7 million project for a multi-buoy mooring upgrade in the Gulf of Thailand, according to a Tuesday filing on the Singapore Exchange.

The project, awarded by a Thailand-listed petroleum refining company, involves engineering, procurement, construction, installation, and testing services.

Mooreast will also supply its proprietary MA5P Drag Embedment Anchors for securing large tankers, including VLCCs.

The project, set to commence in November, is expected to complete by mid-2025 and will positively impact Mooreast's financial performance for FY25.

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