Nam Cheong

Nam Cheong: Sold another 4 vessels worth US$92m, bringing order book to RM1.7b, boasting 25 vessels. Of new orders, 3 are 3,000 dwt PSVs sold to repeat customer, and one is a 200-men Accommodation Work Boat, for Maridive And Oil Services in North Africa. These are scheduled for delivery between 2014 and 2015, and will contribute positively to FY15 financials.