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Singapore : Nam Cheong wins US$43.81m worth of contracts
Publish Date : 23-Aug-2012
Nam Cheong Limited said on Wednesday it had secured contracts worth a total of US$43.81 million (S$54.8 million).
The first vessel is a 3,000 dead weight tonne platform supply vessel (PSV) for a new customer in West Africa.
The second is a 5,150 brake horsepower anchor handling towing supply (AHTS) vessel for a Norway-based customer that will own, operate and manage the vessels under a long-term charter contract with Brazilian national oil corporation Petrobras.
The third vessel, also a 5,150 brake AHTS vessel, is for a marine operator with an expanding fleet of offshore support vessels in the Middle East.
The PSV and AHTS vessels are being built as part of the firm\'s built-to-stock series in one of Nam Cheong\'s subcontracted yards in China.
They are scheduled for delivery between Q4 of 2012 and Q1 next year.
The latest contract wins bring Nam Cheong\'s order book to RM912 million, and are expected to contribute positively to the group\'s earnings for the financial years ending 2012 and 2013.
