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Boustead gets $14m harbour tug contract

Boustead Heavy Industries Corp (BHIC) unit BHIC Shipbuilding and Engineering has secured a MYR54.9m ($14.2m) contract from KFS Support Services (KFS) to design, supply, construct, test and commission and deliver three 45 tonnes Bollard Pull ASD harbour tugs.

Vincent Wee, Hong Kong and South East Asia Correspondent

April 21, 2016

1 Min Read
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The company said in a stock market filing that the contract is however subject to KFS fulfilling the conditions of its contract with Konsortium Pelabuhan Kemaman and a support letter from a financial institution confirming the funds for the project.

“The project will contribute positively to the earnings of the company for the financial year ending 31 December 2016,” BHIC said.

About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

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