(EnergyAsia, October 17 2011, Monday) — Singapore’s ASL Marine Holdings Ltd said ts wholly-owned subsidiary ASL Shipyard Pte Ltd has secured contracts worth a total of S$267 million to build five vessels mostly for offshore oil and gas support work over the next three years. (US$1=S$1.28).

ASL Marime will deliver two barges in 2012, two units of platform supply vessels in 2013, and a dredger unit in 2014.

The company the contracts are expected to have a positive impact on its net tangible asset and earnings per share for the financial year ending June 30 2012.

Listed on the Singapore Exchange, ASL Marine is a fully integrated marine company with a strong focus in shipbuilding, repair and chartering.