ASL wins $108 million in contracts

Singapore-based ASL Marine Holdings Ltd. has won $108 million worth of contracts to build six offshore support service boats and a heavy lift pipelay vessel.

Offshore staff

SINGAPORE -- Singapore-based ASL Marine Holdings Ltd. has won $108 million worth of contracts to build six offshore support service boats and a heavy lift pipelay vessel.

ASL says the six support vessels are for repeat customers in Europe, while the heavy lift pipelay vessel is for a customer in India.

The vessels are due for delivery by 2009.

"We have been receiving constant enquiries from potential clients in Europe, Middle East and Asia. The industry remains buoyant, and we are optimistic that we will receive further contracts," says Ang Kok Tian, ASL managing director.

3/28/2007

More in Rigs/Vessels