SINGAPORE (July 3): BH Global Corporation, the engineering company, says subsidiary, BOS Offshore & Marine (BOS), recently secured 11 projects totalling $3.8 million.
Two of the 11 orders secured have been completed and the group expects BOS to deliver the remaining of its current orders within FY2019.
The orders included the supply, engineering, fabrication and installation of GRE pipes in Japanese and Chinese shipyards, relating to the retrofitting of marine scrubber and ballasts water management systems.
The most recent order was from ST Engineering Marine for the supply and installation of GRE pipes for a new power barge.
BH Global says the transformation for the group’s Engineering Division has been in the works over the last two years, in response to new regulations by the International Maritime Organisation (IMO) on vessel sulphur oxide emissions.
“These new regulations due to be enforced by Jan 1, 2020, have led to a rise in demand for marine scrubbers and ballast water management system retrofit and installations by ship owners trying to meet the requirements,” says BH Global.
Shares in BH Global closed at 6.8 cents on Wednesday.
