ASL Marine secures $100m worth of shipbuilding contracts

ASL Marine secures $100m worth of shipbuilding contracts

ASL Marine has announced that its wholly-owned subsidiary, ASL Shipyard, has secured new shipbuilding contracts worth about S$140m ($99.96m) for the construction of a series of tugs and barges.

The projects will be executed at the group’s shipyards in Singapore and Indonesia.

ASL made the announcement as it released its latest set of results, reported revenues of S$184.2m ($131.5m) for the 12 months ended June 30, 2015, a sharp decline of 64% year-on-year. Net profit in the same period also dropped by 35% year-on-year to S$38.1m ($27.2m).

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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