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Nam Cheong clinches deals worth US$70m

Published Tue, Jan 28, 2014 · 10:00 PM

NAM Cheong yesterday announced contracts worth nearly US$70 million for five vessels to repeat customer Sentinel Marine.

These will contribute positively to its earnings for its fiscal years 2014 through 2016, said the listed manufacturer of offshore support vessels for oil and gas exploration purposes.

The sale contracts were for four emergency response and rescue vessels (ERRVs) and one anchor handling towing supply vessel (AHTS) and were clinched through its unit Nam Cheong International Ltd.

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