Nam Cheong Secures $90 Million in OSV Newbuild Orders

accommodation work barge nam cheong
Accommodation Work Barge, file image: Nam Cheong

Malaysia-headquartered shipbuilder Nam Cheong announced today the securing of four newbuild orders from four different clients in southeast Asia.  The contracts collectively add approximately US$90 million and four vessels to the company’s backlog of 25 vessels.

Nam Cheong notes that all four vessels are ABS-classed and are under construction at subcontracted yards in China with deliveries planned for 2014.

The orders consist of a platform supply vessel for Bumi Armand Bhd, a 200-man Accommodation Work Vessel for Marco Polo Marine Ltd, a 5,000 bhp AHTS for Time Marine Services Sdn Bhd and another AHTS for a new undisclosed Vietnamese customer.

Vessel Particulars:

nam cheong newbuild orders

Nam Cheong notes that Bumi Armada placed a four-vessel PSV newbuild order in 2013 which represents one of the company’s largest collective newbuild contracts.