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
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
Anytime Fitness Asia’s owner said to weigh US$400 million sale
