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Bhagwan Marine extends existing long-term contract with the Port of Melbourne by six years

Extension is valued at $6m per annum and covers delivery of marine maintenance services

Company will also have the potential to participate in other capital works programs for the port

Special Report: Marine services provider Bhagwan Marine has secured a six-year extension to its long-term contract with the Port of Melbourne.

The contract, which is valued at ~$6m per year, will continue until June 30, 2030.

It covers the delivery of marine maintenance services, including fixed and preventative maintenance, reactive and variable services, minor capital works for the port’s marine structures and aids to navigation.

There is also potential for Bhagwan Marine (ASX:BWN) to participate in other capital works programs for the port.

Stockhead article: Bhagwan Marine secures six-year extension on Port of Melbourne contract