Record profit for Pan-United

Singapore-based Pan-United Marine has booked a record full-year profit of $36.7 million thanks to a healthy newbuilding order book and higher valued ship repair and conversion jobs.

For the three months to December alone, it booked an income of $9.3 million which is four times higher than the same period a year ago.

Last year the shipbuilder delivered six new vessels and had 10 work-in-progress jobs.