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Beng Kuang Marine Bags SG$7 Million FPSO Order in Angola; Shares Up 5%

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Beng Kuang Marine (SGX:BEZ) subsidiary, Asian Sealand Offshore and Marine, secured a purchase order worth SG$7.4 million for works on a floating production storage and offloading vessel in Angola, according to a Monday filing with the Singapore Exchange.

The works are scheduled for completion by Dec. 31 and cover supply and mobilization of offshore personnel for tank works, apart from supervision, rigging, scaffolding, welding, and repairs.

Shares of the offshore and marine services company rose nearly 5% in Monday trading.

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