Beng Kuang Marine

Beng Kuang Marine: 70% owned subsi Ocean Eight Shipping (OES) has secured its first long term 5 yr shipping contract worth US$18.9m. OES will provide a livestock carrier to ship live cattle from Aus to Indo and other parts of Asia from 1 Dec 2011 till 30 Nov 2016. Co has current P/E of 33.7x much higher than hist avg of 10.7x.