ASL Shipyard Secures S$140mln Build Contracts
ASL Shipyard Pte Ltd. a wholly-owned subsidiary of ASL Marine Holdings Ltd., has secured new shipbuilding contracts worth approximately S$140 million for the construction of a series of tugs and barges, the company’s board of directors announced Thursday. According to the shipbuilder, all of the vessels will be specially designed and built for overseas customers in the mining and marine infrastructure industries. The tugs and barges will be built at the group’s shipyards in Singapore and Indonesia. ASL Marine said none of its directors or controlling shareholders has any direct or indirect interest in the transactions other than through their shareholdings in the company.
ASL Bags New Shipbuilding Contract
Singapore’s ASL Marine Holdings Ltd said that its wholly-owned subsidiary, ASL Shipyard Pte Ltd has clinched shipbuilding contracts worth approximately SGD140m ($100m) for the construction of a series of tugs and barges. ASL said the vessels will be designed and built for overseas customers engaged in the mining and marine infrastructure industries. The newbuildings will be constructed at the group’s shipyards in Singapore and Indonesia. Revenue from these new shipbuilding contracts will be recognised over the respective contract period in accordance with the Group’s revenue recognition policy basing on the percentage-of-completion method.
Steel Cut on First of Three ISVs for KT Maritime
A steel cutting ceremony held last week at the Singapore shipyard of partner company, ASL Shipyard Pte Ltd. marked the start of construction for the first of three infield support vessels (ISVs) being constructed by Perth-based KT Maritime Services Australia Pty Ltd to support Shell’s Prelude FLNG project near Broome. KT Maritime Services Australia Director, Mark Thomas, said this major contract for the design, construction and operation of the three 42-meter, 100-metric-tonne bollard-pull ISVs at the Prelude site 475km north-north east of Broome was a major milestone for the company.
ASL to Build Six Offshore Service Vessels
Singapore-based ASL Marine Holdings Ltd. say that its wholly-owned subsidiary, ASL Shipyard Pte Ltd (“ASLS”), has secured new shipbuilding contracts worth approximately S$97-million for the construction of six vessels. • Four Anchor Handling Tug/ Multi-Purpose Supply Vessels. The vessels have been ordered by customers in Europe and Singapore and will be built iunder the supervision of classification societies LR and ABS respectively. The two Emergency Response and Rescue Vessels (ERRV) will be constructed at the Group’s shipyard in Singapore, and are scheduled for delivery in 2015.
Three RT 80r Rotor Tugs
Kooren Shipbuilding and Trading B.V. announced the sale of three of itsnewly to be build RT-80r class to Bugsier-, Reederei-, und Bergungsgesellschaft mbH & Co. KG. These Rotor tugs are to be built at ASL Shipyard Pte Ltd. in Singapore. The tugs will have a bollard pull capacity of 80 metric tons each. The high bollard pull and comparable low draft, has been a decisive factor of placing this order with Kooren Shipbuilding and Trading B.V. Delivery of the tugs will be between November 2007 and mid 2008. All three tugs will be powered by three Wärtsilä 8L20C engines of min. 1600 kW each at 1000 rpm. The three azimuth thrusters will come from Wärtsilä/Lips Propulsion Systems, they are of the CS225-S/WN-K 2300 CP type in HR nozzles.
