Kim Heng clinches $35M in Taiwanese vessel contracts

Kim Heng has been awarded $35 million worth of marine spread contracts from construction companies in Taiwan for offshore renewable energy construction projects.
Oct. 7, 2022

Offshore staff

SINGAPORE  Kim Heng Ltd.'s wholly owned subsidiaries, Kim Heng Marine & Oilfield Pte Ltd. (KHMO), Khan Hin Engineering Pte Ltd. (KHE) and its 49% owned subsidiary Bridgewater Marine (Taiwan) Ltd. (BMT) have been awarded multiple contracts totaling US$35 million comprising of newbuilds and the sale of various existing marine and land-based marine assets.

The contracts were awarded to KHMO, KHE and BMT by established construction companies in Taiwan amounting to approximately $17.3 million, $14.6 million and $3.1 million, respectively.

Under the contracts, KHMO and KHE will provide design, engineering and shipbuilding for the new vessel builds. The contracts are expected to be completed by fourth-quarter 2023.

10.07.2022

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