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.

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