(Image courtesy of Miclyn Express Offshore)

ASL Marine Holdings Ltd. said Monday it agreed to sell its Batam shipyard in Indonesia to Miclyn Express Offshore Limited.

Singapore-based Miclyn will pay $25m for the 30 acre shipyard, its second property on Batam.

According to the release, the purchase will help Miclyn strengthen and expand its shipbuilding and ship repair capability and capacity.

The announcement said the water-front land and the close proximity to the existing premise in Batam will help Miclyn expand its capacity and berthing space to support the growing demand for ship repair and upgrading of ships and other floating structures from the marine and offshore sector.


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