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Pan-United chalks up $266m in new contracts

Singapore: Pan-United Marine (PUM) yesterday announced that it has won US$266.7 million worth of contracts to build four anchor-handling, towing and supply (AHTS) vessels.
The contracts for the 18,000 bhp 200-tonne bollard pull AHTS vessels from repeat customer Swire Pacific Offshore Operations almost doubles PUM's order book, to just under $1 billion. The Swire vessels will be built at PUM's 11-ha Singapore yard.
Three weeks ago Dubai Drydocks World, a unit of Dubai World, made a cash takeover offer for PUM at $2.38 a share valuing the company at some $650 million. [22/06/07]


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