Order enough till 2016, 5 segment strategy

As at 27 February 2014, we had a substantial outstanding order book of US$4.6 billion comprising of 111 vessels. 

Work on these contracts will fill our yard capacity until 2016. The Group’s strong order book momentum does not reflect the state of the shipbuilding industry, which continues to be challenged by weak demand and excess shipbuilding capacity. We have strong order flow because ship owners choose to place orders with stronger shipyards with a reputation for timely delivery.

In 2013, the Group re-organized and streamlined its business operations into five main segments: 1) Shipbuilding and Offshore, 2) Financial Investments, 3) Shipping Logistics and Chartering, 4) Ship Demolition, Steel Fabrication and related trading businesses, and 5) Property Development.

What we want is to develop each segment into self-sustained units that create synergies for each other. We envisage non-core segments contributing 40% to Group revenue, while the contribution from Shipbuilding and Offshore Engineering will be about 60% in the long run.