Nam Cheong Dockyard Sdn Bhd News

A series of new MacGregor offshore winch orders, secured in October, will serve the strong demand for maintenance, hook-up and commissioning services for existing oil platforms within the shallow water region of the Malay basin, says Francis Wong, Director, Segment Sales and Marketing, Offshore. "As oil prices remain high and oil majors continue to invest in exploration and production activities in the region, this has continued to boost the demand for new businesses relating to these services," explains Mr Wong. "Consequently, maintenance work boats and barges are in high demand to serve the needs of the area's oil platforms, many of which are operated by Petronas and Shell.

Malaysia-based offshore oil field services provider, Bumi Armada Berhad (“Bumi Armada”), announce  its newbuild programme, ’Steel on Water 2’ Bumi Armada Berhad has issued a Letter of Intent (“LOI”) for four Multi-Purpose Platform Support Vessels (“MPSV”), with an option to build four additional units. This newbuild programme follows fast on the heels of the company’s ‘Steel on Water 1 Programme’ of 20 newbuilds which were all successfully delivered by 2010. The LOI was issued by Bumi Armada Bhd, to Nam Cheong Dockyard Sdn Bhd for the construction of the first four diesel-electric propulsion system, DP2″ MPSVs. The four MPSVs will cost approximately USD 130 million (excluding owner furnished equipment) and are expected to be delivered in the second quarter of 2014.