ASL Marine eyeing new demand for harbour craft

Singapore

SINGAPORE-listed ASL Marine is looking to benefit from new demand for harbour craft as demand wanes for offshore support vessels on the double whammy of a lower oil price environment and a developing supply glut.

ASL Marine said in response to a BT enquiry that its shipbuilding division is monitoring potential newbuild vessel demand from the plan of Indonesia's sea communications directorate to build hundreds of harbour support vessels.

As well as the potential Indonesia newbuild harbour craft demand, ASL Marine has also highlighted its investment interest in building a harbour support fleet in a response to a shareholder question-and-answer session over t…