AsiaLink and Cheoy Lee Shipyards Enter into Institutional Market Partnership Ambrosia Holdings Limited is pleased to announce that its venture, AsiaLink, has entered into a formal Institutional Market Partnership with Cheoy Lee Shipyards, the Hong Kong-based shipbuilder, covering selected maritime markets across South-Eastern Europe. The partnership establishes a structured commercial channel between Cheoy Lee and shipowners, port operators and other maritime institutions in the region, with a particular focus on tugs, workboats, pilot vessels and other specialised commercial craft. For South-Eastern European operators, the partnership addresses a practical market requirement: access to proven vessel construction capability at commercially competitive levels, without the fragmentation that often accompanies direct engagement with overseas shipyards. For AsiaLink, the relationship establishes an important foundation for its institutional maritime platform and brings one of Hong Kong’s established shipbuilding names into its network. Cheoy Lee has a shipbuilding history extending back to the nineteenth century and today operates a major production facility with established capabilities across commercial vessels, including harbour tugs and specialised craft. “Our objective is not simply to introduce another shipyard to the market. It is to create a direct and workable relationship between an established historical Asian builder and the institutions that require its capabilities.” — ASIALINK —