Nam Cheong secures pair of orders

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.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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