ASL Marine to build five ASD tugs and one PSV

17 April 2012 (Last Updated April 17th, 2012 18:30)

ASL Marine Holdings (ASL Marine) has won a S$132.5m ($105.77m) contract from an unnamed ship owner to build five vessels, including four 75-tonne bollard-pull diesel electric hybrid azimuth stern drive (ASD) tugs and one platform supply vessel (PSV).

ASL Marine Holdings (ASL Marine) has won a S$132.5m ($105.77m) contract from an unnamed ship owner to build five vessels, including four 75-tonne bollard-pull diesel electric hybrid azimuth stern drive (ASD) tugs and one platform supply vessel (PSV).

The vessels are scheduled to be delivered between the fourth quarter of 2013 and the fourth quarter of 2014.

Additionally, the company’s ship-repair division has received conversion and upgrading works for two drilling rigs.

ASL Marine chairman and managing director Ang Kok Tian said the company’s ship-repair operations also remain strong with demand coming from the offshore oil and gas segments.

"Winning conversion and upgrading projects for these drilling rigs reiterates the group’s capabilities in providing a comprehensive range of repair and conversion services and we are confident of securing more repairs and upgrading jobs particularly from the offshore oil and gas industries," Tian said.

In fiscal 2012, the company won about S$454.5m ($362.81m) worth of new shipbuilding contracts, including the latest contract wins.