Nam Cheong sells two build-for-stock PSV newbuilds

OCTOBER 10, 2012 — Kuala Lumpur, Malaysia, headquartered Nam Cheong Limited reports it has secured sales contracts worth a total of US $52.5 million for two of the platform supply vessels in the build-for-stock program underway at two of its subcontracted shipyards in China.

The vessels have been sold to two new West Africa customers engaged in the business of offshore marine services, engineering and construction services.
 
One of the vessels is a 75 m, 3,000 dwt PSV and the other is an 87 m, 5,000 dwt PSV. Both are ABS Class DP 2 vessels. Both are scheduled for delivery in first quarter of next year.