ASL Marine Secures S$82 Million in Ship Chartering Contracts and S$55 Million in Vessel Sales
ASL Marine Holdings Ltd. has secured S$82 million in new ship chartering contracts to support marine infrastructure projects in Singapore over the next two years. Additionally, the company signed vessel sale contracts worth S$55 million to optimize its fleet and accelerate deleveraging, which may positively impact revenue performance. ASL Marine operates in the marine industry, providing various vessels and services.
The latest update is out from ASL Marine Holdings Ltd. ( (SG:A04) ).
ASL Marine Holdings Ltd. has secured new ship chartering contracts valued at S$82 million, which will support marine infrastructure projects in Singapore over the next two years. Additionally, the company has signed vessel sale contracts worth S$55 million as part of its strategy to optimize its fleet and accelerate deleveraging, potentially impacting its revenue performance positively.
More about ASL Marine Holdings Ltd.
ASL Marine Holdings Ltd. is a Singapore-based company operating in the marine industry. It provides ship chartering services and is involved in marine infrastructure projects, offering a range of vessels including tugs, work boats, crane barges, cargo barges, hopper barges, and grab dredgers.
Average Trading Volume: 5,152,871
Technical Sentiment Signal: Buy
Current Market Cap: S$216.1M
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