Latest orders seal record year for Nam Cheong


Singapore: Nam Cheong, one of the leading offshore players in the region, announced yesterday that it has had a record 2012. Malaysia’s largest offshore support vessel builder announced that it has sold one platform supply vessel and two anchor handling towing supply vessels worth a total of $56.4m, bringing the total number of vessels sold this year to a record 21. 

Datuk Tiong Su Kouk, Nam Cheong’s executive chairman and ceo, said: “We are pleased to end the year on a high note, riding on industry momentum that has helped us win a slew of contracts for 2012. Again, our ability to capture demand and secure wins in a booming offshore and marine market, both domestically and globally, is a testament to our competitive strengths and unique business model. Even as we celebrate a bountiful harvest for the year, we will continue to hold fast to the fundamentals that have brought us success and not rest on our laurels.” 

The 5,000dwt PSV has been sold to a new customer, one of the major marine services providers to the offshore oil and gas industry in the Asia Pacific region. 

The two 5,150 brake horsepower AHTS vessels have been sold to Icon Offshore, one of Malaysia’s largest OSV groups. Icon Offshore has a portfolio of approximately 30 vessels providing various logistic, oil and gas services in Asia Pacific. This would be the second and third AHTS vessels that Icon Offshore has purchased from Nam Cheong. 

The PSV and AHTS vessels are being constructed as part of the group’s build-to-stock series in one of Nam Cheong’s subcontracted yards in China.  [28/12/12]

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