Back 12 Oct 2026

Beng Kuang Marine: Key Updates on Contract Progress and Order Book for 3Q2026

  • ASOM secured an aggregate of approximately S$112.4 million of contracts and purchase orders in 9M2026 (S$85.2 million in 1H2026 and S$27.2 million in 3Q2026).
  • In 3Q2026, ASOM secured a new life extension purchase order valued at US$5.84 million for the supply and mobilization of offshore personnel for tank works during the campaign, covering supervision, rigging, scaffolding, fitting, welding, blasting and painting, and rope access works on a FPSO vessel in Angola.

Mr Yong Jiunn Run, Chief Executive Officer of Beng Kuang Marine Limited, said:

“Underpinned by FPSO operators’ long-term focus on production reliability, ASOM’s contracted workload supports our continued focus on FPSO lifecycle services.

The additional tank-services award this quarter, alongside the life-extension frameworks announced in the first half, illustrates how ongoing customer maintenance needs translate into successive work scopes.

These contracts support our development of BKM into a specialist offshore lifecycle platform, combining offshore services with complementary onshore engineering and equipment capabilities.

Our focus is on deepening customer relationships across maintenance cycles to build a more repeatable and sustainable business with greater workload visibility.

We remain focused on executing these commitments, maintaining service quality and supporting customers through successive maintenance cycles. NEI and IOE complement this work through their engineering and equipment capabilities.”

See link for full media announcement: https://www.bkmgroup.com.sg/newsroom