ASL Marine has announced that it has secured a total S$156m ($113.5m) worth of contracts from its shipbuilding, shiprepair & conversion, shipchartering and dredging engineering divisions.
The contracts secured are mainly from repeat customers in the region as well as in the Middle East, USA and Europe. There are potential additional orders from certain customer upon successful delivery of current projects.
The shipbuilding and shiprepair & conversion contracts are expected to be delivered over the next 1 to 2 years and the chartering contracts will have a tenure of 2 to 5 years.
ASL Marine posted a net profit of S$1.9m ($1.3m) for the second quarter of its 2016 financial year, up 35.7% year on year.