Offshore Support Vessel Builder News

MacGregor has secured a winch package contract from Nam Cheong Limited group, a global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia's largest offshore support vessel builder. Eight-point MacGregor mooring systems, with a 150-metric-ton line pull/270-metric-ton brake holding capacity, tugger winches and capstans have been specified for two new 500-men accommodation work barges being built at the yard. An option remains for two more barges. The 123-meter barges are scheduled for delivery in 2016.

Nam Cheong Limited a leading global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia’s largest Offshore Support Vessel builder, today announced that it has sold two Accommodation Work Barges (“AWB”) worth approximately US$84 million (approximately S$105 million)  with the option to purchase another two vessels, to a repeat customer, Bursa-listed Perdana Petroleum Berhad (“Perdana”). In July last year, Nam Cheong sold one AWB of a smaller size, to Perdana, an established, major offshore marine services provider for the oil and gas industry in Malaysia and the Southeast Asian region.

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.