Coastal to expand shipyard, build O&G vessels

Coastal Contracts Bhd will focus on building oil and gas (O&G) logistics vessels to capitalise on the current high crude oil prices and increase in O&G exploration as well as production activities.

Executive chairman Ng Chin Heng told StarBiz that the company was currently working to secure the supply of machinery and equipment for the building of anchor handling tugs (AHT), utility supply vessels (USV) and offshore support vessels (OSV).