Stock News: ASL Marine won 51.4 mln sgd contract

ASL Marine Holdings Ltd may gain after it said it won new shipbuilding contracts worth a total of 51.4 mln sgd to construct four Azimuth stern drive tugs and one offshore maintenance vessel for a European customer. The vessels are expected to be completed in 2008 and will be used in liquefied natural gas terminal operations in the Middle East. Yesterday, ASL closed down 0.005 sgd at 0.91.