Kuala Lumpur: Malaysian offshore shipbuilder Nam Cheong has announced that it has sold two vessels worth around $58m.
Singapore’s Marco Polo Marine has ordered a 200-man accommodation work vessel scheduled for delivery in 2015. In August 2014, Nam Cheong and Marco Polo Marine formed a jv and purchased the same spec vessel to be constructed by Nam Cheong.
The other order announced was a 12,000 bhp AHTS vessel sold to Topaz Energy and Marine in Dubai, with delivery scheduled in 2016.
Leong Seng Keat, Nam Cheong ceo, commented, “We are delighted to kick-off 2015 with the securing of two new contracts.”
Nam Cheong’s order book now stands at around RM1.7bn ($457.5m), however the company appears to be struggling to match the pace of business last year where seven vessels were sold in the first three months of the year.