Search results for: Ng Chin Heng

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  • 16 August 2006

    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 […]

  • 23 February 2015
    Business & Finance

    Coastal Contracts’ subsidiary, Coastal Offshore (Labuan) Pte Ltd has secured contracts for the sales of two Offshore Support Vessels (OSV) for an aggregate value of approximately RM197 million ($54.1 million). According to the company, both of these vessels were sold to its new customers in Mexico. As of to date, the Group’s order book is […]

  • 22 April 2015
    Business & Finance, Exploration & Production

    Coastal Contracts’ subsidiary, Thaumas Marine Pte Ltd, has secured a contract for the sale of one jack-up drilling rig (JUDR) for approximately RM807 million ($224.1 million). According to Coastal Contracts’ Bursa Malaysia filing, the rig was sold to a “reputable oil company”. The rig is expected to be delivered in the third quarter of 2015. Ng […]

  • 14 August 2012
    Business & Finance

    Malaysia’s Coastal Contracts has secured contracts for the sale of an Accommodation Work Barge, an Anchor Handling Tug Supply vessel and two low-end vessels for a total value of RM141 million ($45.1 million). All the vessels, except for the AHTS, have been sold to new clients from Singapore. “We are pleased to have the opportunity […]

  • 28 March 2014
    Business & Finance

    Coastal Group today announced that its wholly-owned subsidiaries, Coastal Offshore, Thaumas Marine and Pleasant Engineering have collectively secured contracts for the sales of three offshore support vessels (OSVs) and two low-end vessels for an aggregate value of approx $54 million. Apart from the two OSVs which were sold to a repeat customer, the third OSV […]

  • 11 December 2013

    Coastal Contracts Bhd (Coastal) today announced that its wholly – owned subsidiaries, Thaumas Marine Ltd and Coastal Marine Pte Ltd have collectively secured contracts for the sales of one Subsea Support Maintenance Vessel (SSMV) and two units of low-end vessels for an aggregate value of approximately $46 million. Apart from the SSMV and one low […]

  • 24 July 2015
    Business & Finance

    Malaysia’s Coastal Contracts has through its wholly-owned subsidiaries inked contracts for the sales of two Offshore Support Vessels and six low-end vessels for an aggregate value of approximately RM130 million (USD 34 million). All of these vessels are expected to be delivered in 2015, Coastal said in a filing to Bursa Malaysia. Consequently, the revenue stream from […]

  • 24 July 2015
    Business & Finance

    Malaysia’s Coastal Contracts has through its wholly-owned subsidiaries inked contracts for the sales of two Offshore Support Vessels and six low-end vessels for an aggregate value of approximately RM130 million (USD 34 million). All of these vessels are expected to be delivered in 2015, Coastal said in a filing to Bursa Malaysia. Consequently, the revenue stream from […]

  • 26 September 2014
    Business & Finance

    Malaysia’s Coastal Contracts Bhd has secured contracts for the sales of seven Offshore Support Vessels for approximately RM444 million ($136.4 million). Clinching of these new contracts has further strengthened the Group’s already sizeable order book to RM2.6 billion. Of this, the vessels sales order book constituted RM1.4 billion. The balance order book comprised RM1.2 billion […]

  • 13 August 2013
    Business & Finance

    Coastal Contracts Bhd yesterday announced that its wholly-owned subsidiary, Thaumas Marine Ltd has secured contracts for the sale of one unit Anchor Handling Tug Supply (“AHTS”) and one unit Subsea Support/Maintenance Vessel for an aggregate value of approximately RM170 million (USD 52 million). These vessels are scheduled for delivery up to 2014. The revenue stream […]

  • 24 September 2012
    Business & Finance, Project & Tenders

    Coastal Contracts Bhd  today announced that its wholly-owned subsidiaries, Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd, have collectively secured contracts for the sale of two units Anchor Handling Tug Supply (“AHTS”) and one unit Subsea Support Vessel (“SSV”) for an aggregate value of approximately RM111 million. SSV is designed to transport liquid cargo, […]

  • 13 August 2013
    Business & Finance, Project & Tenders

    Coastal Contracts Bhd announced that its wholly-owned subsidiary, Thaumas Marine Ltd, has secured contracts for the sale of one unit Anchor Handling Tug Supply (“AHTS”) and one unit Subsea Support/Maintenance Vessel for an aggregate value of approximately RM170 million. These vessels are scheduled for delivery up to 2014. The revenue stream from these vessels is […]

  • 24 September 2012

    Coastal Contracts Bhd has announced that its wholly-owned subsidiaries, Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd, have collectively secure contracts for the sale of two units Anchor Handling Tug Supply (AHTS) and one unit Subsea Support Vessel (SSV) for an aggregate value of approximately RM111 million (approx $ 36.1 Mln). SSV is designed […]

  • 13 August 2013

    Coastal Contracts’ Bhd (Coastal) wholly-owned subsidiary, Thaumas Marine Ltd has secured contracts for the sale of one Anchor Handling Tug Supply (AHTS) vessel and one Subsea Support/Maintenance vessel for an aggregate value of approximately RM 170 million (approx $52.2 million). Mr. Ng Chin Heng, the Executive Chairman of Coastal, commented: “Following our first and second […]

  • 21 October 2013

    Coastal Contracts Bhd (together with its subsidiaries Coastal Group) today announced that its wholly-owned subsidiaries, Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd have collectively secured contracts for the sales of six units Offshore Support Vessels (OSVs). The deal comprise of one Subsea Support Maintenance Vessel (SSMV), one Platform Supply Vessel (PSV) and four […]

  • 24 September 2012
    Business & Finance

    On September 20, 2012, Coastal Contracts Bhd announced that its wholly-owned subsidiaries, Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd, have collectively secure contracts for the sale of two units Anchor Handling Tug Supply (“AHTS”) and one unit Subsea Support Vessel (“SSV”) for an aggregate value of approximately RM111 million. SSV is designed to […]

  • 11 December 2013

    Malaysia’s Coastal Contracts Bhd  has secured contracts for the sales of one Subsea Support Maintenance Vessel (“SSMV”) and two “low-end vessels” for an aggregate value of approximately RM148 million (USD 46 million).  This is the fifth batch of vessel sales order secured by the Group in FY2013. With the securing of these latest sales, the total value of the Group’s […]

  • 24 September 2012
    Business & Finance

    Coastal Contracts Bhd announced that its wholly-owned subsidiaries, Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd, have collectively secured contracts for the sale of two units Anchor Handling Tug Supply (“AHTS”) and one unit Subsea Support Vessel (“SSV”) for an aggregate value of approximately RM111 million. SSV is designed to transport liquid cargo, stores, […]

  • 23 June 2014
    Business & Finance

    Malaysia’s Coastal Contracts Bhd’ has through its subsidiaries Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd secured contracts for the sales of three units Offshore Support Vessels (“OSV”) and three tugboats for an aggregate value of approximately RM180 million ($56 million). Clinching of these new contracts has further strengthened the Group’s already sizeable order […]

  • 11 December 2013
    Business & Finance

    Coastal Contracts Bhd (“Coastal” or “Company”) announced that its wholly-owned subsidiaries, Thaumas Marine Ltd and Coastal Marine Pte Ltd have collectively secured contracts for the sales of one unit Subsea Support Maintenance Vessel (“SSMV”) and two units low-end vessels for an aggregate value of approximately RM148 million. Apart from the one unit SSMV and one […]

  • 11 December 2013
    Business & Finance

    Coastal Contracts Bhd today announced that its wholly-owned subsidiaries, Thaumas Marine Ltd and Coastal Marine Pte Ltd have collectively secured contracts for the sales of one unit Subsea Support Maintenance Vessel (“SSMV”) and two units low-end vessels for an aggregate value of approximately RM148 million.  Apart from the one unit SSMV and one unit low-end […]

  • 21 October 2013

    Coastal Contracts Bhd announced that its wholly-owned subsidiaries, Coastal Offshore Pte Ltd and Thaumas Marine Ltd have collectively secured contracts for the sales of six units Offshore Support Vessels (“OSV”), which comprise one unit Subsea Support Maintenance Vessel, one unit Platform Supply Vessel and four units Anchor Handling Tug Supply  for an aggregate value of […]