Nam Cheong Receives Orders for Four AHTS Vessels (Malaysia)

Nam Cheong built-AHTS

Malyasia’s Nam Cheong has secured order s for four Anchor Handling Towing Supply Vessels. The total value of the orders is estimated at $45.13 million.

Three of the vessels have been sold to two repeat customers. One of the three vessels, sold to a customer based in Norway, will be deployed to Brazil under a long-term charter contract with Petrobars, Brazil’s national oil company. Another repeat customer, a Singapore-based company that provides ship management and chartering services, purchased the other two vessels.
The remaining vessel has been sold to a new customer based in Indonesia, a marine operator with an expanding fleet of Offshore Support Vessels, and is expected to be deployed in Indonesia.
All four 5,150 brake horsepower AHTS vessels are being built as part of the Group’s build-to-stock series in Nam Cheong’s subcontracted yards in China. Each of the vessels is ABS class, about 59 metres long and has a bollard pull of 62 to 65 tonnes. They are equipped with Dynamic Positioning System 1, and are scheduled for delivery between the first and fourth quarters of 2013.

Press Release, November 12, 2012

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