LNG Propulsion Systems – Orders Secured

Further to our announcement on 2 February 2021, we wish to advise that the LNG Propulsion Systems contracted are to be supplied to a PRC shipyard, the Guangzhou Shipyard International Company Limited, based in Guangzhou, China.

LNG Propulsion Systems – Orders Secured

Your board is pleased to announce that we have secured total orders worth S$60m to design and supply LNG propulsion systems for several oil product tankers being built for a leading European oil tanker owner. These vessels are built to DNV GL (Det Norske Veritas - Germanischer Lloyd) classification. The delivery of these orders is scheduled for 2022/2023.