Dyna-Mac secures S$117m in new fabrication orders
Boosting net order book to roughly S$392m.
Dyna-Mac Holdings announced that it has won new fabrication orders for a provisional sum of US$117m, which were awarded by Daewoo Shipbuilding & Marine Engineering Co Ltd and OneSubsea Malaysia Systems Sdn Bhd, reporst OCBC Investment Research.
The former involves the fabrication of 14 units of pre-assembled modules which are due for delivery in 3Q16; while the latter’s order is scheduled for completion by end 2013.
OCBC said these latest contracts win has boosted Dyna-Mac’s net order book to ~S$392.3m, not taking into account the portion that is recognised as revenue in 3Q13.