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    Profits leap at Pan-United

    Yard News // May 9, 2006

    Singaporean shipbuilder Pan-United Marine has reported a sixfold jump in first quarter profits to S$21.8 million.

    The company's revenues were up 63 per cent at S$73.7 million.

    The yard's outstanding orderbook amounts to S$359 million, and it has just won a S$35.8 million contract to build a 78m subsea vessel for Singapore-based HM2 Pte Ltd, part of Hallin Marine Subsea International Plc.

     

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