ASL Marine snaps contracts worth S$55 mln

The contracts comprise of 2 units of Azimuth Stern Drive Tugs, a unit pipe-lay barge and twenty seven units cargo barges.

ASL Marine Holdings Ltd. on Monday announced that its wholly-owned subsidiary, ASL Shipyard Pte Ltd has secured new shipbuilding contracts worth approximately S$55 million for 30 vessels, a release from the company said.

The 2 units of Azimuth Stern Drive Tugs are scheduled for completion by the first quarter of 2012. The barges are scheduled for progressive deliveries by the first quarter of 2011, ASL said.

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