Nam Cheong sells three anchor handlers for $41M

Malaysia’s Nam Cheong Limited has secured orders for three vessels with a total value worth approximately $41.0 million.

One 5,150 bhp Anchor Handling Towing Supply Vessel (“AHTS”) was sold to a Norway- based repeat customer, Vega Offshore Group.

Orders for two 6,500 bhp AHTS vessels were secured from repeat customers of which one is based in Asia and the other, from Vroon B.V. which is based in the Netherlands. Vega Offshore Group is an OSV owner, operator and commercial manager providing high quality offshore support services to the global market.

Nam Cheong says that the Asian customer is an emerging player with a strong reputation in the ship agency services and service brokering business.

Vroon B.V. is an international shipping company with experience that has spanned more than a century.

These orders come on the back of five vessel sales to PT Pelayaran Nasional Bina Buana Raya Tbk (“BBR”), secured during the same month, bringing the total orders in September 2014 to eight which are collectively worth approximately US$126.0 million.

With the Contracts, Nam Cheong’s order book stands at approximately RM1.9 billion ($580.8 million)

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