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ASL Marine secures contracts worth S$156 million

ASL Marine Holdings has landed a total of 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.