Analysts at Singapore-based CIMB Research estimate thecompany will generate SGD 1.2bn ($950m) in full year sales from shiprepair in2015 compared to SGD 642m last year.

The SGD 900m first phase of the new integrated yard in Tuas,Singapore started operations in August.

The 73 hectare first phase is equipped with four VLCCdrydocks all of which are currently occupied, CIMB said in a note.

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