Nam Cheong clinches US$58m orders for two vessels

Published Wed, Mar 11, 2015 · 12:16 AM

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.