EMS Energy has won a US$22.35m engineering, procurement and construction (EPC) contract from a regional shipyard to design and build a ship transfer system. The delivery schedule is expected to be 14 months. The transfer system is part of a shiprepair facility that will ultimately cost US$250m and will be able to handle 160 vessels a year when fully operational. EMS has built up an order book of S$70m and is pursuing opportunities around the region.
Mtgm expects order wins momentum to continue amid stiff global competition. Recall that in Jan, the company won a S$2.5m contract for an offshore pedestal crane in Vietnam and in May, it announced another contract win for a mobile modular walkover unit worth US$17m. Operationally, we expect the Co to show a sharp turnaround in earnings this year after disposing its loss-making water-treatment business.
No comments:
Post a Comment