Az Marine to boost fleet on back of yard acquisition

Singapore: Az Marine will use its newly acquired yard to boost its own fleet and make inroads into the offshore sector, according to the boss of parent Aztech Group. This August, Az Marine bought a 251, 000 sq ft yard in Singapore.

Michael Mun, the founder, chairman and ceo of Aztech Group, told our sister site, Maritime CEO, today: “We will continue to grow our fleet size in tandem with market and project demand.” He added: “The acquisition of our shipyard will expand our capability to add and undertake a vessel renewal plan more quickly when project demand grows and make us less dependent on third party shipyard spaces.”

The full interview can be accessed here.  [13/11/14]

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