ASL Marine Buys Next-Door Indonesian Shipyard

Headquartered in Singapore, ASL own four shipyards in Singapore, Indonesia (Batam) and China (Guangdong). They inform they have conditionally agreed to purchase for US$20-million a shipyard belonging to Miclyn Express Offshore Limited (MEO), located adjacent to its own yard in Batam, Indonesia.

The Batam shipyard is  situated in a free trade zone with industrial areas designated specifically for shipyards with infrastructure such as roads, telecommunications, utilities and supporting services.

The assets to be acquired comprise a site of 12.2 hectares with berthing/repair quays of 220 metres, 2 shiprepair slip / launch-ways and shipyard facilities (office building, fabrication shop, and machineries) which cater for shipbuilding, vessels repair, modification and mobilisation, as well as modular fabrication services.

MEO is headquartered in Singapore and is a leading provider of offshore vessel services. It operates a range of offshore support vessels, crew/utility vessels, tugs and barges for customers in the offshore oil and gas industry across South-East Asia, Australia and the Middle East.

ASL explain that the proposed acquisition is in line with its overall strategy to strengthen and expand its shipbuilding and ship repair capability and capacity. In view of the water-front land and the close proximity to ASL's premise in Batam, the yard will provide a good opportunity for them to expand capacity and berthing space to support the growing demand for ship repair and upgrading of ships and other floating structures from the marine and offshore sector in South East Asia.