ASL Marine Secures New Contracts
By Aiswarya Lakshmi
May 13, 2016
Shipbuilder ASL Marine has secured a total S$156 million worth of contracts from its shipbuilding, shiprepair & conversion, shipchartering and dredging engineering divisions.
The contracts secured are mainly from repeat customers in the region as well as in the Middle East, the US and Europe, it said, adding that there are potential additional orders from a certain customer upon successful delivery of current projects.
The shipbuilding and shiprepair & conversion contracts are expected to be delivered over the next one to two years and the shipchartering contracts will have a tenure of two to five years.
All of the above contracts are not expected to have a material financial impact on the consolidated net tangible asset and earnings per share of the Group for the financial year ending 30 June 2016.
Headquartered and listed in Singapore since 17 March 2003, ASL Marine owns and operates shipyards in Singapore, Batam (Indonesia) and Guangdong (China), providing a comprehensive range of marine engineering services spanning myriad sectors/ industries.
