Nam Cheong secures contracts for anchor handlers and ERRVsVessel & ROV News // March 28, 2013
The Board of Directors of Nam Cheong Limited have announced that Nam Cheong International Ltd, a wholly-owned subsidiary of Nam Cheong, has secured contracts with a total value worth US$72.1 million for two AHTS vessels and four Emergency Response and Rescue Vessels (ERRVs).
The two AHTS vessels were sold to subsidiaries of Icon Offshore Berhad, one of Malaysia’s largest OSV groups. The vessels will be deployed in Malaysian waters and are being constructed as part of the group’s build-to-stock series.
The four ERRVs will be sold to a Singapore-based company that provides ship management and chartering services. The ERRVs will be deployed in the North Sea, and constructed under Nam Cheong’s build-to-order model.
The six vessels are all ABS classed and will be built in one of Nam Cheong’s subcontracted yards in China. They are scheduled for delivery between the second quarter of 2013 and the fourth quarter of 2014.