ST Engineering’s Secures $344m in 4Q2015

Singapore Technologies Engineering Ltd (ST Engineering) said that its marine arm, Singapore Technologies Marine Ltd (ST Marine) has secured new orders worth about $344m for its Shiprepair and Engineering business groups in the fourth quarter of 2015.

The contracts cover major upgrades, conversion, maintenance and repair of vessels in the naval and commercial segments.  These vessels include patrol vessels, pipe-laying vessel, accommodation & work barge, oil & chemical tankers, and a cruise ship. The new orders also included logistics management services.

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