Singapore offshore vessel operator and marine engineering services provider Kim Heng has won a contract totalling $7.8m with an unnamed construction company in Taiwan.
Under the contract, the company’s units Kim Heng Shipbuilding & Engineering, will provide design, engineering, modification and shipbuilding services related to offshore renewables construction projects.
The contract is expected to be completed by the fourth quarter of 2024 and to contribute positively to the Group’s earnings in 2023 and 2024.
“The Group remains well positioned and equipped with shore-based marine assets and offshore vessels that enable us to leverage our knowledge in the offshore renewable industry throughout Asia and the US,” said Thomas Tan, Kim Heng’s executive chairman and CEO.
