Search results for: Nam Cheong

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  • 27 March 2013
    Business & Finance

    The Board of Directors of Nam Cheong Limited announced that Nam Cheong International Ltd., a wholly-owned subsidiary of Nam Cheong, has secured sale contracts with a total value worth USD72.1 million for two units of Anchor Handling Towing Supply (“AHTS”) vessels and four units of Emergency Response and Rescue Vessels (“ERRVs”). The two AHTS vessels […]

  • 3 March 2020
    Business & Finance

    Offshore vessel owner Nam Cheong has won new contracts for its vessels with a total value of RM116.4 million ($27.7 million). 

  • 21 May 2013

    Nam Cheong Limited Malaysia’s largest Offshore Support Vessel (“OSV”) builder, today announced the appointment of Leong Seng Keat as the Group’s Chief Executive Officer with immediate effect. He was Nam Cheong’s Executive Director, and the new appointment is in line with the Group’s strategy to strengthen and streamline the management team as it embarks on […]

  • 23 May 2013
    Business & Finance

    Nam Cheong Limited, a leading global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia’s largest Offshore Support Vessel builder, recently announced appointment of Mr Leong Seng Keat as the Group’s Chief Executive Officer with immediate effect. Mr Leong was Nam Cheong’s Executive Director, and the new […]

  • 29 March 2012

    The Board of Directors of Nam Cheong Limited announced that Nam Cheong Dockyard Sdn. Bhd. and Nam Cheong International Ltd., both are wholly-owned subsidiary of Nam Cheong, have secured sale contracts with a total value worth USD36.8 million for two units of 5,150bhp and one unit of 5,220bhp Anchor Handling Towing Supply (“AHTS”) vessels to […]

  • 12 August 2013

    Nam Cheong Dockyard Sdn Bhd, a 100% owned subsidiary of the Nam Cheong Limited, has incorporated a new wholly-owned subsidiary, Nam Cheong Pioneer Sdn Bhd (Nam Cheong Pioneer) in Malaysia. Nam Cheong Pioneer is a private limited liability company incorporated under the Malaysian Companies Act 1965 on 5 August 2013, with an issued paid-up capital […]

  • 12 August 2013
    Business & Finance

    Nam Cheong Dockyard Sdn Bhd, a 100% owned subsidiary of the Nam Cheong Limited, has incorporated a new wholly-owned subsidiary, Nam Cheong Pioneer Sdn Bhd (Nam Cheong Pioneer) in Malaysia. Nam Cheong Pioneer is a private limited liability company incorporated under the Malaysian Companies Act 1965 on 5 August 2013, with an issued paid-up capital […]

  • 23 June 2014
    Business & Finance

    Nam Cheong Limited has sold two Accommodation Work Barges (AWB) worth approximately USD 84 million, with the option for another two vessels, to Bursa-listed Perdana Petroleum Berhad (Perdana). In July last year, Nam Cheong sold one AWB of a smaller size, to Perdana, an established offshore marine services provider for the oil and gas industry in Malaysia […]

  • 17 October 2014
    Equipment

    Malaysia’s Nam Cheong has secured Letters of Intent (“LOI”) from five customers worth approximately US$186 million, with a mix of sale and charter of 12 newly launched NCA80E, 64.8m diesel electric powered Anchor Handling Tug Supply Vessels (“AHTS”) with 80 tonnes bollard pull. The Group has also secured options for the sale of eight additional […]

  • 29 December 2014
    Business & Finance

    Malaysia’s Nam Cheong Limited has sold two vessels worth approximately $45 million. An Anchor Handling Towing Supply Vessel (“AHTS”) was sold to a Netherlands-based repeat customer, Vroon B.V., an international shipping company. Nam Cheong also sold a Platform Supply Vessel (“PSV”) to a repeat customer, E.A. Temile Development Company of Nigeria Limited (“Temile”) based in […]

  • 18 January 2012
    Business & Finance

    Nam Cheong Limited, global Offshore Support Vessel (OSV) shipbuilder that focuses on the construction and engineering of complex, sophisticated and environmentally-friendly OSVs, announced that it has, through its wholly-owned subsidiary Nam Cheong International Ltd, sold a RM84 million (approximately S$34.3 million) 300 men Accommodation Work Barge (AWB) to CNN Capital Bhd, a new Malaysian customer. […]

  • 23 April 2013
    Business & Finance

    Nam Cheong Limited today announced that it has sold two vessels worth a total of US$59.0 million. Two Accommodation Work Barges (“AWBs”) were sold to a subsidiary of Perdana Petroleum Berhad (“Perdana”), an established, major offshore marine services provider for the oil and gas industry in Malaysia and the Southeast Asian region. Mr Leong Seng […]

  • 28 February 2013
    Business & Finance

    Nam Cheong Limited, SGX Main Board-listed leading global offshore marine player and Malaysia’s largest Offshore Support Vessel (OSV) builder, today reported that it has entered into US$130 million worth of contracts with Armada Offshore MPSV Limited, a wholly-owned subsidiary of Bumi Armada Berhad (Bumi Armada) for the sale of four Multi-Purpose Platform Support Vessels (MPSVs). […]

  • 10 October 2012

    Malaysia’s shipbuilder Nam Cheong Limited has secured contracts for the sale of two Platform Supply Vessels to new clients in West Africa. The vessels will be sold for a total sum of USD 52.1 million to the West Africa-based costumers engaged in offshore marine, engineering and construction services. The two PSVs are being built as […]

  • 10 October 2012
    Business & Finance

    Nam Cheong International Ltd., a wholly-owned subsidiary of Nam Cheong, has secured sale contracts with a total value worth USD52.1 million (equivalent to approximately SGD64 million) for two units of Platform Supply Vessels (PSV). The two PSVs are sold to two new West Africa customers engage in the business of offshore marine services, engineering and […]

  • 17 January 2012
    Business & Finance

    Nam Cheong Limited, one of the leading global marine players and Malaysia’s largest shipbuilder of Offshore Support Vessels (OSVs), is currently building two vessels specially designed for transportation of supplies and equipment to and from offshore installations. Dedicated to the construction and engineering of complex, sophisticated and environmentally-friendly OSVs, Nam Cheong Offshore Pte Ltd and […]

  • 23 June 2014
    Business & Finance

    Nam Cheong, an offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia’s largest Offshore Support Vessel (OSV) builder, today announced that it has sold two Accommodation Work Barges (AWB) worth approximately $84 million. The customer, Perdana Petroleum Berhad, will have the option to purchase another two vessels. In […]

  • 27 March 2013

    Malaysia’s largest Offshore Support Vessel builder Nam Cheong Limited has secured sale contracts with a total value worth USD 72.1 million for two units of Anchor Handling Towing Supply (“AHTS”) vessels and four units of Emergency Response and Rescue Vessels (“ERRVs”). The two AHTS vessels were sold to subsidiaries of Icon Offshore Berhad (“Icon Offshore”), one […]

  • 30 August 2018

    Nam Cheong and Malaysia’s Perdana Petroleum have reached a settlement in a dispute arising from the termination of an agreement related to an acquisition of a workbarge. 

  • 29 September 2014
    Business & Finance

    Singapore Main Board-listed Nam Cheong Limited  has sold one 5,150 bhp Anchor Handling Towing Supply Vessel (AHTS) to Norway’s Vega Offshore Group, and two 6,500 bhp AHTS; one  to Dutch Vroon B.V., and the other to an unnamed ”repeat customer” in Asia. The company says that these three contract wins worth approximately USD 41 million came on the back […]

  • 1 July 2014
    Business & Finance

    Nam Cheong Limited, Malaysia’s largest Offshore Support Vessel (“OSV”) builder, today announced that it has sold another four vessels worth approximately US$92 million. With these four contract wins, Nam Cheong’s order book now boasts 25 vessels worth approximately RM1.7 billion (approximately S$660.1 million1 Three Platform Supply Vessels (“PSVs”) of 3,000 dead weight tonne (“dwt”) each, equipped […]

  • 17 January 2012

      Nam Cheong Limited, one of the leading global marine players and Malaysia’s largest shipbuilder of Offshore Support Vessels (OSVs), is currently building two vessels specially designed for transportation of supplies and equipment to and from offshore installations. Dedicated to the construction and engineering of complex, sophisticated and environmentally-friendly OSVs, Nam Cheong Offshore Pte Ltd […]