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Singapore : Nam Cheong\'s unit gets US$56.4m contracts
Publish Date : 28-Dec-2012
Nam Cheong Ltd on Thursday said its subsidiary, Nam Cheong International Ltd, had secured US$56.4 million (S$69 million) worth of contracts.
The contracts include one unit of platform supply vessel and two units of anchor handling towing supply vessels.
These new contracts bring the total number of vessels sold by the company this year to a record 21.
Revenue from the contracts will be recognised over the relevant contractual period in accordance with the group\'s revenue recognition policy.
