Singapore: ASL Marine Buys Vosta LMG

The Board of Directors of ASL Marine Holdings Ltd has announced that Leo Dynamische Investering B.V., has entered into a conditional sale and purchase agreement with NordGB Suisse S.A., Mr. R.H.F. Dietze, Vosta LMG International B.V. and CFT International GmbH, for the sale and purchase of all the issued and outstanding shares of Vosta LMG and CFT for a cash consideration of EUR 5.1 million and EUR 1 respectively.

Vosta LMG is a well established and leading international dredging engineering and contracting company with more than 140 years of history. With its cutting edge but proven technical know-how and experience, Vosta LMG provides specialised and tailor-made solutions to the world’s dredging industry.

Vosta LMG designs, provides specialist parts to and manages the construction of large custom-built or standard, self-propelled or stationary, dredgers. Vosta LMG’s strength in design also allows it to convert, refit and upgrade existing dredgers.

About ASL Marine

ASL Marine Holdings Ltd is a fully integrated marine company with a strong focus in shipbuilding, shiprepair, ship conversion, shipchartering and other marine related services, catering to customers mainly from Asia Pacific, South Asia, the Middle East, and Europe. Headquartered in Singapore, ASL Marine owns and operates 3 shipyards in Singapore, Indonesia and China.

Over the past 30 years, the Group has developed a niche market in building and repairing medium size vessels. The Group has the capacity to build vessels of up to 150 metre in length, including Offshore Support Vessels, Tugs and Tankers. The Group currently operates a 20,000 dwt floating dock and a 150,000 dwt graving dry dock in its shipyard in Batam, Indonesia which is one of the few shipyards in the region capable of repairing Capesize vessels.

In addition, ASL Marine owns and operates a fleet of more than 170 tugboats and barges, providing shipchartering services mainly to customers in offshore oil and gas industry, marine and offshore infrastructure sector such as dredging and land reclamation, transportation of heavy equipment and materials.

[mappress]

Dredging Today Staff, November 13, 2012