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ST Marine bags $344m worth of new orders in Q4

ST Marine bags $344m worth of new orders in Q4
Singapore Technologies Marine (ST Marine) has secured new orders worth approximately $344m for its ship repair and engineering business groups in the fourth quarter of 2015.

The marine arm of Singapore Technologies Engineering (ST Engineering) said the contracts cover major upgrades, conversion, maintenance and repair of vessels in the naval and commercial segments. The ships include pipe-laying vessel, accommodation and work barge, oil and chemical tankers, and a cruise ship.

The new orders also included logistics and management services.

“These projects are being carried out in the Singapore facilities, and will be delivered progressively over the next two to six years,” ST Engineering announced.