The Board of Directors of TAS Offshore Berhad announced that its wholly-owned subsidiary has secured shipbuilding contracts for three units of tugboats with a total value of approximately MYR 22.6 million. The contracts were signed with an existing customer from Indonesia. These vessels are expected to be delivered in the third quarter of 2025.

The revenue generated from the contract is expected to contribute positively to the earnings and net assets of TAS Group for the financial year ending 31 May 2026.