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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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