Nam Cheong clinches US$58m orders for two vessels
Add BT as a preferred source
NAM Cheong has won orders for two vessels totalling US$58 million, taking its current order book to RM1.7 billion (S$635 million), the shipbuilder said early on Wednesday.
Marco Polo Marine placed an order for a 200-man accommodation work vessel, while repeat customer Topaz Energy and Marine will buy a 12,000-brake horsepower anchor handling towing supply vessel.
The contracts are expected to contribute to earnings for 2015 and 2016.
Nam Cheong shares closed at 30 Singapore cents on Tuesday.
Share with us your feedback on BT's products and services
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
