China mainland based shipbuilding management and consultancy (“M&C”) services provider AVIC International Investments Limited (“AVIC Singapore”), which is a member of the Aviation Industry Corporation of China (“AVIC”) group of companies, announce it has secured a US$60 million contract for the construction of five vessels. The order comprises three azimuth stern drive tugboats with 55 tons bollard pull each; a diving support vessel, and a bunkering tanker with 1000 deadweight ton cargo capacity. These service vessels, which will be built at the Group’s subcontracted shipyards in China, are scheduled for delivery in 2013. The latest contract win is expected to contribute positively to the Group’s earnings for FY2012 and FY2013.