Malaysia's Nam Cheong Wins AWB Orders

Press Release
Tuesday, September 04, 2012

Shipbuilder Nam Cheong Group wins order from Perdana Petroleum Berhad to build two Accommodation Work Barges (AWB).

The contracts are worth worth a total of US$59- million and came from  Perdana Petroleum Berhad (“Perdana”), an established, major offshore marine services provider for the oil and gas industry in Malaysia and the Southeast Asian region.

The AWBs, scheduled for delivery in the second quarter of 2013, are being built as part of the Group’s built-to-stock series in one of Nam Cheong’s subcontracted yards in China. The 100 metre-long vessels will have the capacity to accommodate 300 men and will be equipped with an 8-point mooring system and a 300-tonne crane. They are both ABS Class vessels.

With these contracts, Nam Cheong’s year-to-date order book has hit a high of RM1.06 billion in contract value, far surpassing last year’s figure of RM757 million. Sales of the two AWBs also represent the Group’s second collective win in quick succession, amounting to five vessels sold in less than two weeks.

Mr Leong Seng Keat, Nam Cheong’s Executive Director, said: “Our winning season is reflective of the robust offshore marine industry in Malaysia spurred on primarily by Petronas’ expanded capital expenditure in exploration and production."

Mr Leong added: “Aside from favourable industry developments, our stellar order book of more than RM1 billion is also a testimony to our strong fundamentals and sound strategies. We continue to see demand for new businesses relating to top side maintenance, hook up and commissioning of existing oil platforms within the Malay basin in the shallow water region.



 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the

Asia-N.Europe Box Rates Jump 170 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 170 percent to $732 per 20-foot container (TEU) in the week ended on Friday,

NAT Acquires Four 150,000dwt Tankers

Nordic American Tankers Limited ("NAT" or the "Company") announced today that it has entered into an agreement to acquire four existing Suezmax sister vessels built in Japan at a world-class shipyard.

Shipbuilding

Partners Tap Standardization to Trim Newbuild Costs

Unfamiliar specifications and processes often result in rework, delays and misunderstandings, and are adding thousands of engineering hours to the design and construction

Damen Opens US Office

Damen Shipyards Group has announced the opening of a new branch office in Houston, Texas. This expansion, under the name of Damen North America, meets the increasing

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the

Offshore

Highest-Pull Wireline Conveyance System from Schlumberger

Schlumberger announced today the launch of the MaxPull high-pull wireline conveyance system that can pull from 18,000 lbf to 30,000 lbf in wells 40,000 ft [12,192 m] deep or more.

Cyberhawk Sinks Claws into US O&G Market

Cyberhawk Innovations, the world leader in aerial inspection and survey using Unmanned Aerial Vehicles (UAV), is set to boost its international credentials with

DNS Appoints Esson, Chief Executive

Decom North Sea (DNS), the representative body for the offshore decommissioning industry, which promotes and facilitates collaboration and cost reduction, today appointed a new chief executive.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1143 sec (9 req/sec)