Skip to content
Tuesday, 20 October 2026

The Ledger Asia

Trusted Insights. Asian Perspective.

Subscribe
Markets

Perdana Petroleum Narrows 1Q2026 Losses as Vessel Utilisation Improves

By Abigail Cheong4 min read

KUALA LUMPUR, 20 May 2026 – Perdana Petroleum Berhad delivered a more resilient first-quarter performance for 2026, supported by improved vessel utilisation in its Anchor Handling Tug Supply segment, although lower activity in the Accommodation Workbarge segment continued to weigh on overall profitability.

The offshore marine support services provider recorded revenue of RM42.2 million for the first quarter ended 31 March 2026, compared with RM37.6 million in the corresponding quarter last year. Vessel utilisation improved significantly to 55% from 31% a year earlier, reflecting better deployment across selected parts of the fleet.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

This content has been restricted to logged-in users only. Please log in to view this content.

Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.