Singapore: ASL Marine Posts Second Quarter Results

ASL Marine Holdings Ltd, an integrated marine company offering comprehensive services in shipbuilding, shiprepair and conversion and shipchartering, reported revenue of S$83.0 million and net profit attributable to shareholders of S$10.6 million for the three months ended 31 December 2012 (“2QFY2013”).

OUTLOOK

The Group’s shipbuilding order book from external customers stood at approximately S$528 million as at 31 December 2012, which comprised of 34 vessels including Offshore Support Vessels, AHTS, self-propelled cutter suction dredger, tugs and barges. These vessels have progressive deliveries up to 4QFY2014.

The Group’s shipchartering fleet comprised of 202 vessels as at 31 December 2012 (31 December 2011: 194 vessels). Meanwhile, the Group’s shipchartering operations have a total outstanding delivery order of 25 vessels worth approximately S$138 million, comprising AHT, AHTS, ROV Support Vessel, landing crafts, tugs and barges. With the exception of 3 vessels worth a total of S$8 million, these vessels are being built internally by the Group.

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Press Release, February 8, 2013