ASL Marine Secures New Contracts

ASL Marine has secured new shipbuilding contracts. The contracts are for the construction of six Anchor Handling Towing/ Supply Vessels, which are used to tow and anchor oil rig platforms as well as other support services. Five of the units are expected to be completed in 2009, and the remaining unit in early 2010. Just three weeks ago, ASL Marine announced it had secured contracts for one unit of Heavy Lift cum Pipelay Vessel and six units of Rotor Tugs. Source: CNA