Orders in pipeline for Nam Cheong's AHTS

Singapore

NAM Cheong has secured letters of intent for a combination of the sale and charter of 12 anchor-handling tug supply (AHTS) vessels worth about US$186 million.

The letters of intent for the newly-launched NCA80E vessels come from five customers - Bumi Armada Berhad, Geooffshore Pte Ltd, Opstad Group, Sofield Marine & Offshore Sdn Bhd and Vega Offshore Group. Nam Cheong has also secured options for the sale of eight additional NCA80E vessels.