Nam Cheong secures sales of another three vessels

Kuala Lumpur: Malaysian offshore vessel shipbuilder Nam Cheong has announced that it has sold three vessels worth around $41m.
The three contract wins are on the back of five vessel sales to PT Pelayaran National Bina Buana Raya, bringing total orders for September to eight.
One 5,150bhp AHTS vessel was sold to a Norway-based repeat customer, Vega Offshore Group. Another two 6,500bhp AHTS vessels were ordered by Dutch owner Vroon and an Asia based customer.
“The regional and global OSV industry continues to see good demand for shallow water OSVs, despite some softening of oil prices. As evidenced by the securing of these orders which has helped buoy our order book to a healthy level of approximately RM1.9bn, we continue to be a beneficiary of the robust growth in the shallowwater segment,” said Leong Seng Keat, ceo of Nam Cheong. [29/09/14]

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