OFFSHORE support vessel (OSV)-focused Nam Cheong turned profitable in the third quarter on a one-time gain from debt waiver and improved gross profit margins.

BARGAIN-hunting in the small capitalised offshore and marine (O&M) equity market appear to have returned as healthier oil prices lift the hopes of a recovery in the sector.

NEWS ANALYSIS

FOUR years into a prolonged industry downturn, merger and acquisition (M&A) activity appears to be picking up in the offshore support vessel (OSV) market, lifting expectations that a sector-...

NAM Cheong is emerging from a debt revamp with negative equity on its books, but its management is confident that with continuing shareholders' support, the company's book value stands...

OFFSHORE support vessel-focused Emas Offshore Limited (EOL) said that it has sought a four-month extension on the court moratoria granted to support the restructuring of its group of companies....