Nam Cheong closes in on 20 more sales

Kuala Lumpur: Offshore builder Nam Cheong has secured letters of intent (LOI) from five customers worth approximately $186m, with a mix of sale and charter of 12 newly launched NCA80E, 64.8 m diesel electric powered anchor handling tug supply sessels (AHTSs) with 80 tonnes bollard pull. The group has also secured options for the sale of eight additional NCA80E vessels.

The five customers are Bumi Armada Berhad, Geooffshore Pte Ltd, Opstad Group, Sofield Marine & Offshore Sdn Bhd as well as Vega Offshore Group. [17/10/14]



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