ASL secures new shipbuilding contracts

ASL Marine in Singapore has secured new shipbuilding contracts worth S$116 million ($77 million). The contracts are for the construction of six Anchor Handling Towing/ Supply vessels, five of which are expected to be completed in 2009 and the remaining unit in early 2010.

Last month ASL Marine secured S$164 million ($108m) worth of shipbuilding contracts for one unit of heavy lift/pipelay vessel and six Rotor tugs.