Nam Cheong bags $94.2m offshore support vessel contracts

These contracts include seven units of Anchor Handling Tug Supply vessels.

Nam Cheong Limited has secured $94.2m (RM317.1m) worth of multi-year offshore support vessel (OSV) charter contracts from leading regional oil majors.

These contracts include seven units of Anchor Handling Tug Supply vessels, which will be deployed in Malaysian and Thai waters. They have a charter period of up to two years.

The group now has 21 vessels under long-term charter, representing 56.8% of its total fleet.

($1=RM3.36)

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