ASL Marine to build 6 offshore vessels for $74.6M

ASL Marine Holdings Ltd. is building six new offshore vessels for an undisclosed client. The value of the contract is estimated at S$97 million ($74.6 million) in total.

An ERRV unit built by ASL in 2008 (Image used for illustration purposes only)

In a press release issued today, the company said that it will build two Emergency Response and Rescue Vessels and four Anchor Handling Tug/ Multi-Purpose Supply Vessels.

The vessels are secured from customers in Europe and Singapore and will be built in accordance with the Rules of Lloyd’s Register of Shipping and ABS classification respectively.

The ERRVs will be constructed at the Group’s shipyard in Singapore, and are scheduled for delivery in 2015.

The four units of Anchor Handling Tug/ Multi-Purpose Supply Vessels will be built at the Group’s shipyard in China. Two units are expected to be completed in 2015 and the other 2 units in 2016. The vessels are 62 metres in length, of 70 metric tons bollard pull, dynamic positioning 2 and electrically propelled.

February 11, 2014

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