Offshore staff

Labroy Marine Ltd. marine & offshore engineering and marine transportation group in Singaproe signed four shipbuilding contracts worth $54.3 million for four vessels scheduled for delivery in 2008.

The four vessels comprise of one anchor handling tug supply vessel, one multi-purpose maintenance vessel, and two topside maintenance vessels.

"Labroy's outstanding order book for building new vessels and oil rigs now stands at a record S$1.22 billion. This shall keep our shipbuilding division busy until 2009," said Labroy Chairman and Managing Director Tan Boy Tee.

6/22/06