In brief

Nam Cheong bags deals worth US$58m

NAM Cheong has won orders for two vessels totalling US$58 million, taking its current order book to RM1.7 billion (S$638.4 million), the shipbuilder said on Wednesday. The contracts are expected to contribute to earnings for 2015 and 2016.

GLP inks new China deals

GLOBAL Logistic Properties (GLP) has signed new agreements totalling 63,000 sqm with four customers in China. The customers, whom GLP did not name, are in the e-commerce, packaged foods, and pharmaceutical industries. Three are multi-location GLP customers in Chi…