ASL Marine to buy Miclyn shipyard for US$20m

SINGAPORE shipbuilding and offshore vessel owner ASL Marine has announced plans to acquire Miclyn Express Offshore's Batam shipyard for US$20 million as the group looks to expand its facilities and capabilities in the shipbuilding and shiprepair business.

ASL Marine's wholly owned Indonesian subsidiary PT Sukses Shipyard Indonesia has entered into a conditional sale and purchase agreement with Miclyn Express Offshore (MEO) and its wholly owned subsidiary PT Loh & Loh Construction Indonesia for the sale.

As the shipyard is just adjacent to ASL's existing facility in Indonesia, the 12.2-hectare site and its berthing and repair quays of 220 metres, two ship-repair slipways will increase the group's yard facility by over 35 per cent. ASL's existing Indonesia shipyard stretches across 35 hectares with three graving docks, two building berths and five fabrication shops.