OSV Operators Flock to Nam Cheong for New AHTS’

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 … [Read more...]

Nam Cheong to Invest In Indonesian OSV Charterer

Malaysia's largest builder of offshore support vessels, Nam Cheong Limited announced today a planned $30.7 million investment into PT Pelayaran Nasional Bina Buana Raya Tbk (BBR), an indirect subsidiary of Indonesian ship owner/operator Marco Polo Marine. "Investing in BBR provides us with the platform to gain a foothold in the cabotage-protected Indonesia market given … [Read more...]

Nam Cheong Secures $90 Million in OSV Newbuild Orders

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 … [Read more...]

Nam Cheong to Build 123-Meter Accommodation Work Barges for Perdana

Nam Cheong Ltd, Malaysia’s largest builder of offshore support vessels announced today the winning of a newbuild order for two accommodation work barges (AWBs) from Bursa-listed Perdana Petroleum Berhad.  The USD $84 million deal comes with an option to purchase two additional vessels. The company notes they sold a smaller AWB to Perdana last July.  These two AWBs will be … [Read more...]