Labroy Marine Awarded Contracts

Monday, January 08, 2007

Labroy Marine has clinched two shipbuilding contracts worth a total of $37.8m. Under the contracts, it will build two anchor handling tug supply vessels for a Norwegian customer. The vessels are scheduled to be delivered in 2009. The contracts are not expected to have any material effect on Labroy's earnings per share and net tangible assets per share this year. Source: Channel News Asia

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