BH Global clinches contracts totalling $18.8 million

SINGAPORE - BH Global Corporation, which provides electrical products to the marine and offshore industries, has won several jobs totalling $18.8 million.

Subsidiary Oil & Gas Solutions, which provides engineering design, project management and procurement services, has awarded contracts worth S$12.7 million.

The contracts mark the group's successful foray into the drilling and subsea market segment, said BH Global in a statement on May 20.

The contracts will commence in 2014 with progressive delivery and revenue

recognition until 2016.

Separately, subsidiary Beng Hui Marine Electrical BHM has clinched contracts worth $6.1 million for the supply of marine cables and lightings to the offshore and marine sector for both local and international shipyards.

The latest deals lifted BH Global's order book to $47 million.