Chuan Hup Unit Secures PB Contract

Chuan Hup Holdings Ltd.'s joint venture company Asia-Pac Geraldton Pte Ltd. had secured an $11.6 million contract to build seven high-speed patrol boats for the Singapore Police Force (Coast Guard). Asia-Pac Geraldton is a 50-50 joint venture between Chuan Hup's wholly-owned subsidiary Asia- Pacific Shipyard Pte Ltd. and Geraldton Boat Builders Pty Ltd., a builder of high-performance patrol boats in Western Australia, Chuan Hup said. A statement added that Asia-Pac Geraldton had previously secured a $29.2 million contract to build 18 patrol boats and two command boats for the Singapore police in September 1997, with an option to buy up to another 21 boats. The police force had now exercised its option to buy another seven patrol boats.

Maritime Reporter Magazine, page 7,  Feb 2000

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.