“The group remains well positioned and equipped with shore-based marine assets and offshore vessels that enable us to leverage our knowledge in the offshore renewable industry throughout Asia and the US to support the global energy transition towards a sustainable future”, says Thomas Tan, executive chairman and CEO.
Kim Heng Shipbuilding and Engineering (KHSE), a wholly-owned subsidiary of Kim Heng (SGX:5G2
) has been awarded an additional variation contract totaling US$7.8 million ($10.33 million).
KHSE will provide design, engineering, modification and shipbuilding for a marine-based asset, with the project expected to be completed by the fourth quarter of 2024.
