Nam Cheong secures deals for two vessels worth US$45m
NAM Cheong Limited said on Monday that it has secured sale contracts for two vessels worth about US$45 million.
One is a sales order for a 6,000 bhp Anchor Handling Towing Supply (AHTS) vessel from a Netherlands-based repeat customer, Vroon BV. The other, a Platform Supply Vessel of 5,000 dead weight tonne, was sold to another repeat customer, E A Temile Development Company of Nigeria Limited based in West Africa.
The contracts are expected to contribute positively to the earnings of the group for the financial year ending Dec 31, 2014 and Dec 31, 2015.
With the contracts, Nam Cheong's order book stands at RM1.7 billion.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in
GE Aerospace raises earnings goal on strong engine sales
BRC Asia to buy 19.9% of steel reinforcement company for S$16 million
Lockheed Martin reports higher sales on strong defence demand
UOI reports 67% surge in Q1 profit before tax to S$8 million, driven by favourable market conditions