ASL Shipyard wins newbuild contracts

MAY 29, 2014 — Singapore's ASL Marine Holdings Ltd. says that its wholly-owned subsidiary, ASL Shipyard Pte Ltd ("ASLS"), has secured new shipbuilding contracts worth approximately Singapore $91 million.

The contracts cover the construction of three Infield Support Vessels of ART 100-42 class RotorTugs design and one seismic support vessel ("SSV"). The orders have been secured from customers in Australia and Norway respectively.

The four vessels will be built at the Group's shipyard and are expected to be completed in the first quarter of 2016.

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