Trump’s Return to OPEC Politics Muddies Oil Talks Next Month
US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.
Malaysia shipbuilder Nam Cheong had a strong end the week today. Five of their customers signed letters of intent worth approximately US$186 million for the sale and charter of twelve newly-launched 64.8 meter, 80 ton bollard pull anchor handling tug supply vessels (AHTS). Additionally, the company says they have secured options for the sale of eight additional AHTS’ which are currently under construction.
Nam Cheong’s five customers are Bumi Armada Berhad, Geooffshore Pte Ltd, Opstad Group, Sofield Marine & Offshore Sdn Bhd as well as Vega Offshore Group.
The NCA80E-design vessels are of American Bureau of Shipping (ABS) class and are being constructed as part of Nam Cheong’s built-to-stock series in Nam Cheong’s Miri shipyard in Sarawak, East Malaysia as well as in subcontracted yards in China.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,871 members that receive our newsletter.
Have a news tip? Let us know.
Maritime and offshore news trusted by our 108,871 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up