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Nam Cheong secures US$51.5m contracts
by hlk Thu 29 Sep 2011, 22:57
Nam Cheong Ltd, the Malaysian-based leading global offshore support vessel shipbuilder, today announced that its subsidiaries, Nam Cheong Offshore Pte Ltd and Nam Cheong International Ltd, have clinched three vessel contracts worth US$51.5 million.
Nam Chong Offshore and Nam Chong International sold two 3,000 dead weight
tonne platform supply vessels to Bumi Armada Navigation Sdn Bhd and
a 5,150 brake horsepower anchor handling towing supply vessel to Gulf Glory
Marine Services LLC, respectively.
Nam Cheong Executive Director Leong Seng Keat said:"The stream of order
wins that Nam Cheong has experienced in the past two months confirms again "our market prediction for a continued demand for anchor handling towing and platform supply vessels.
"Momentum for the offshore marine industry remains brisk, especially in
Malaysia, as oil prices remain high and oil majors continue to invest in
exploration and production activities in the region."
The contracts will boost Nam Cheong's orders to 12, worth RM673 million,
surpassing last year's order win of 10 vessels at a total value of RM505
million. Together, Nam Cheong has made eight vessel sales in just over two months. -- Bernama
Nam Chong Offshore and Nam Chong International sold two 3,000 dead weight
tonne platform supply vessels to Bumi Armada Navigation Sdn Bhd and
a 5,150 brake horsepower anchor handling towing supply vessel to Gulf Glory
Marine Services LLC, respectively.
Nam Cheong Executive Director Leong Seng Keat said:"The stream of order
wins that Nam Cheong has experienced in the past two months confirms again "our market prediction for a continued demand for anchor handling towing and platform supply vessels.
"Momentum for the offshore marine industry remains brisk, especially in
Malaysia, as oil prices remain high and oil majors continue to invest in
exploration and production activities in the region."
The contracts will boost Nam Cheong's orders to 12, worth RM673 million,
surpassing last year's order win of 10 vessels at a total value of RM505
million. Together, Nam Cheong has made eight vessel sales in just over two months. -- Bernama
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