Coastal’s first win in 2015

Kuala Lumpur: Coastal Contracts has secured contracts for the sales of two OSVs for an aggregate value of approximately RM197m, the company’s first orders of 2015.

Both of these vessels were sold to new customers in Mexico. The group’s orderbook now stands at approximately RM2.81bn. All of these vessels are expected to be delivered in 2015 and 2017.

Ng Chin Heng, the executive chairman of Coastal, commented: “By virtue of our successful crisis management experience from the past, I believe we can weather the downturn as well as capture new market opportunities during this challenging time.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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