BH Global lands over $4M worth of contracts
- Business & Finance
BH Global Corporation’s supply chain management subsidiary, Beng Hui Marine, has landed S$6 million ($4.25 million) in offshore and marine contracts.
Among the contracts, the Singapore-based company noted a major supply contract to a floating, production, storage and offloading (FPSO) unit.
The majority of awarded contracts relate to the supply of cables and lighting products, 90 percent of which are expected to be delivered in the first quarter of 2016.
Vincent Lim, Chief Executive Officer of BH Global commented the Group’s contract wins: “It is heartening to note that BHM has managed to secure these substantial contracts with both local and international customers despite the continuing weakness in both shipping and oil-and-gas sectors which have affected many players.”