ASL Marine Secures $113.4 Million in New Contracts

ASL Marine Holdings Ltd, Singapore marine services group, has been worth $ 113.4 million (S $ 156 million) contract to convert ship chartering and dredging sectors from shipbuilding, ship repair & conversion.

The contract guarantees mainly from repeat customers in the region as well as in the Middle East, USA, and Europe.

 “The customers are established players in their respective fields from marine infrastructure, dredging, land reclamation, tanker owner to state-owned entities,” the company said in its announcement.

“There are potential additional orders from certain customers upon successful delivery of current projects.”

The shipbuilding and ship repair & conversion contracts are expected to be delivered in the next 1–2 years, ship chartering contract will have a term of 2-5 years.