Under the contract, KHSE will provide design, engineering and newbuild of a self-propelled split hopper barge. The contract is scheduled to commence in the fourth quarter of 2023, and is expected to be completed by the first quarter of 2025.
Kim Heng’s subsidiary, Kim Heng (SGX:5G2
) Shipbuilding & Engineering (KHSE), has been awarded a shipbuilding contract of about TWD249.5 million ($10.6 million) by TIPC Marine Corporation, according to an announcement dated Oct 16.
TIPM is a subsidiary of state-owned company Taiwan International Ports Corporation (“TIPC”), operates and manages a fleet of marine assets.
