Coastal Contracts has obtained contracts for the sales of two OSVs for a combined value of approximately RM197m, the company's first orders in 2015.

Both of these vessels were sold to new customers in Mexico. The group's orderbook now stands at about RM2.81bn. All of these vessels are expected to be delivered in 2015 and 2017.

Ng Chin Heng, executive chairman of Coastal, commented, "By virtue of our successful crisis management experience from the past, I believe we can weather the downturn as well as capture new market opportunities during this challenging time."