Nam Cheong awarded LoI by Bumi Armada

Yard News - June 21, 2012

| More

Nam Cheong Limited, the SGX Main Board-listed Malaysian OSV builder, has announced that its wholly-owned subsidiary, Nam Cheong Dockyard Sdn Bhd, has been awarded a Letter of Intent (LOIh) from Bumi Armada for four multipurpose PSVs (MPSVs), with an option to build four additional units.

The contract is one of the largest awarded to Nam Cheong.

Leong Seng Keat, Nam Cheong's Executive Director, said: "We are delighted to be awarded an LOI for a significant order, which is a major corporate milestone for us.

"In the first six months of this year, the contract value of our orderbook is expected to soar to RM874 million, surpassing last year's RM638 million."

 

More articles from this category

More news

Categories

Product Guide

News Letter

Fill in your name, company and e-mail address below for our bi-weekly newsletter.

Subscribe
Unsubscribe

Clarksons

Powered by MARIS.

Subscribe to Offshore Shipping News Online RSS

Follow Offshore Shipping News Online on Twitter

Subscribe to email updates

Sponsors

sponsorsponsorsponsor

Events

Subsea and OSV Africa
26-27 November 2014
South africa, Cape Town.

FPSO Training Course Paris
01-03 December 2014
France, Paris.

OSEA 2014
02-05 December 2014
Singapore, Singapore.

Brazil Manning and Training
02-03 December 2014
Brazil, Rio de Janeiro.

Dynamic Positioning Seminar
04-05 December 2014
United kingdom, London.

More events