Core Expertise

Shipbuilding

The shipbuilding division continued to be the main contributor.

Going forward, the Group will ride the tide on two fronts. Firstly, by leveraging on the heightened demand for offshore support vessels and secondly, fulfilling operators' replacement requirements for ageing vessels. There is also increased demand for newbuildings in view of stricter safety and performance standards set by port and maritime authorities.

In a bid to make a strong push into the oil and gas market, ASL Marine will focus on building bigger and more powerful vessels. These include highly manoeuvrable tugboats equipped with stronger bollard pull to facilitate the berthing of huge tankers and container ships such as VLCCs (Very Large Crude Carriers) and ULCCs (Ultra Large Crude Carriers).