SINGAPORE (Jan 14): ST Engineering says that its marine arm has secured $560 million worth of new contracts in 4Q18.

The group was awarded a contract by the Ministry of Home Affairs for the design, construction and maintenance of Fast Patrol Boats for the Singapore Police Coast Guard. Construction of the boats is expected to commence in mid-2019.

ST Engineering, along with Siemens, have jointly secured an order for a SCC-800 2X1C SeaFloat barge-mounted power plant from Seaboard Corporation subsidiary Transcontinental Capital Corporation, an independent power producer with operation in the Dominican Republic.

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