CONTENTS
2
Business Overview
7
Breakdown of Revenue
8
Financial Summary
10
Financial Year Review
12
Group Structure
14
Founder’s Message
15
Chairman’s Message
19
Operations and Financial Review
21
Board of Directors
24
Senior Management
26
Corporate Governance Report
55
Risk Management Strategies
56
Financial Statements
166
Analysis of Shareholdings
168
Notice of Annual General Meeting
Proxy Form
Corporate Information
ASL MARINE HOLDINGS LTD IS A VERTICALLY-INTEGRATED MARINE SERVICES
GROUP PRINCIPALLY ENGAGED IN SHIPBUILDING, SHIPREPAIR AND CONVERSION,
SHIPCHARTERING, DREDGE ENGINEERING AND OTHER MARINE RELATED SERVICES,
CATERING TO CUSTOMERS FROM ASIA PACIFIC, SOUTH ASIA, EUROPE, AUSTRALIA
AND THE MIDDLE EAST.
Listed on Singapore Stock Exchange since 2003, ASL Marine has over the years grown into one of the
region’s key players in the marine services sector.
Today, ASL Marine owns and operates five shipyards in Singapore, Batam (Indonesia) and Guangdong
(China), providing a comprehensive range of shipbuilding, shiprepair and conversion services spanning
myriad sectors and industries. As at 30 June 2016, it has a vessel fleet of 229, providing shipchartering
services to various industries, including marine infrastructure and construction, dredging, land
reclamation and cargoes transportation. ASL Marine added an engineering segment to its business
model with its acquisition of VOSTA LMG International B.V. and its subsidiaries (“VOSTA LMG”) in 2012.
VOSTA LMG designs and manages the construction of dredgers, makes and supplies specialised dredging
components, and owns several important patents.
