ASL books tug and barge contracts worth US$100 million

AUGUST 27, 2015 – Singapore listed ASL Marine Holdings Ltd. reports that its wholly-owned subsidiary, ASL Shipyard Pte Ltd, has secured new shipbuilding contracts worth approximately Singapore $140 million (about US$100 million) for the construction of a series of tugs and barges.

It says that all of these vessels are “specially designed and built for overseas customers who are engaged in the mining and marine infrastructure industries.”

The vessels will be built in ASL’s shipyards in Singapore and Indonesia.