Business Overview

Extracted from Annual Report 2013

Shipbuilding

The Group has established a track record of building specialised niche vessels for customers from Asia, Europe, Middle East, America, India and Australia such as:

• Offshore Support Vessels including Heavy-Lift cum Pipelay Vessel, Subsea Operation Vessel, Anchor Handling Towing Supply Vessel, Platform Supply Vessel, Offshore Maintenance/Accommodation Vessel, Rescue and Standby Vessel
• Cutter Suction Dredger and Water Injection Dredger
• Accommodation Barge, Pipe Laying Barge and Work Barge
• Commercial Vessels including Chemical Tanker (IMO II/III), Bunkering Tanker, Product Tanker

Shiprepair and Conversion

The Group provides a comprehensive range of repair and conversion services including retro-fittings, life-extensions and repair of various types of vessels such as:

• Tanker, Container Vessel, Bulk Carrier
• Offshore Support Vessel, Dredging Vessel, Pipe Laying Vessel
• Jack-up Rig, Semi-submersible Rig
• FSO and FPSO

The Group's Batam yard is equipped with the following dry docking facilities:

• A graving dry dock to accommodate larger vessels up to 300,000 dwt such as Capesize bulker, FSO and FPSO
• Two medium-sized dry docks to accommodate medium-sized vessels up to 60,000 dwt and 20,000 dwt respectively such as Panamax, Handymax and medium range tankers

Shipchartering

The Group owns a young fleet of 156 vessels consisting mainly barges, towing tugs, Anchor Handling Tugs, Anchor Handling Towing/ Supply vessels and other vessels.

The Group charters its fleet to customers from diverse industries including:

• Offshore oil and gas
• Marine infrastructure
• Dredging, land reclamation & marine construction works
• Marine transportation of cargoes such as coal, aggregates and heavy equipment

The Group's vessels are mainly deployed by customers in Singapore, Indonesia, Australia and other South East Asia countries.

Engineering

Vosta LMG group has offices in the Netherlands, Germany, China, Singapore and the USA.

Services offered by VOSTA LMG group ranging from supplying a component package to project managing the process of building a dredge from start to finish in close cooperation with a partner shipyard anywhere in the world.

In addition to engineering and contracting of custombuilt and standard dredges, the product range includes cutting, suction, discharge, automation and coupling systems. Components such as cutter heads, underwater cutting wheels, dredge pumps, ball joints and automation packages complete the product line.

VOSTA LMG group also assists in the preparation of tender documents and offers consulting services and feasibility studies to dredging contractors.

Yard Facilities

ASL Marine currently owns and operates four shipyards in Singapore, Indonesia (Batam) and China (Guangdong) providing a comprehensive range of marine engineering services spanning in myriad sectors/industries.

Singapore
Capitalising on Singapore's strengths in infrastructure, telecommunications and distribution channels, the Group's Singapore yard also acts as a headquarter to provide technical, engineering, logistics and procurement supports to its Batam yards with respect to the sourcing of raw material, equipment and parts for its operations.

Batam, Indonesia
The Group's two yards at Batam, with naturally sheltered deep waterfront, has land sizes of thirty-five and sixteen hectares. The yards are located in a free trade zone at Batam with industrial areas designated specifically for shipyards with developed infrastructure such as roads, telecommunications, utilities and supporting services. One of the yard is equipped with a 300,000 dwt graving dry dock and two medium-sized graving dry docks of 60,000 dwt and 20,000 dwt, which is capable of repairing up to Capesize vessels.

Guangdong, China
The shipyard in Guangdong is owned by the Group's 60% held subsidiary Jiang Men Hongda Shipyard Ltd. The shipyard at Guangdong has a land size of eight hectares and it has been engaged in mainly shipbuilding activities for smaller vessels.