ASL Marine adds five vessels to its order book

Mr. Ang Kok Tian, Chairman and Managing Director of Singapore based ASL Marine Holdings, Ltd., reports that the group is maintaining its order winning momentum.Today, ASL, whose shipbuilding and repair operations include shipyards in Singapore, Batam (Indonesia) and Guangdong (China), announced it had secured contracts worth S$132.5 million (about US$106 million) for the construction of five vessels.

Four of the vessels are 75-tonne bollard-pull diesel electric hybrid azimuth stern drive tugs.The fifth is a platform supply vessel. Deliveries are scheduled between the fourth quarter of 2013 and the fourth quarter of 2014.

Separately, the group’s ship-repair division also secured conversion and upgrading works for two drilling rigs.

“We are pleased with the group’s progress so far in FY2012, with the order-winning momentum maintained,” said Mr. Ang Kok Tian. “Including the latest contract wins, we have secured about S$454.5 million (US$365 million) worth of new shipbuilding contracts to date in FY2012.

“Our ship-repair operations also remain robust with demand coming from the offshore oil and gas segments,” he added. “Winning conversion and upgrading projects for these drilling rigs reiterates the group’s capabilities in providing a comprehensive range of repair and conversion services and we are confident of securing more repairs and upgrading jobs particularly from the offshore oil and gas industries.”

April 16, 2012