Malaysia: Construction Progresses on Nam Cheong’s Two PSVs


Nam Cheong Limited, one of the leading global marine players and Malaysia’s largest shipbuilder of Offshore Support Vessels (OSVs), is currently building two vessels specially designed for transportation of supplies and equipment to and from offshore installations.

Dedicated to the construction and engineering of complex, sophisticated and environmentally-friendly OSVs, Nam Cheong Offshore Pte Ltd and Nam Cheong International Ltd, both wholly-owned subsidiaries of Nam Cheong, signed an agreement in September 2011 to provide the Malaysian offshore support specialist Bumi Armada Navigation Sdn Bhd with two 3,000 dead weight ton Platform Supply Vessels (PSVs).

The 75m DWT 3000 PSVs, equipped with Dynamic Positioning 2 system, are powered by 2 x 3000 PS dual fuel main engine driven Azimuth Thrusters and 2 bow thrusters reaching a speed of 13 knots minimum at ballast condition. The main engine features a front PTO shaft generator and a FiFi pump. The vessels include a 700m² deck area with the capacity to carry 1200mt of cargo and the approximate deadweight at maximum draft is 3000mt. Designed to accommodate 50 crew members, with the estimated endurance capacity of 28 days, the two PSVs are being built as part of the Group’s built-to-stock series in one of Nam Cheong’s subcontracted yards in China. The ABS Class PSVs are to be delivered during the first half of 2012.

This agreement accounts for Nam Cheong’s second sale in 2011 to the country’s largest owner and operator of OSVs. The Group’s first PSV was sold to Bumi Armada in April same year.

Last year, Nam Cheong recorded eight vessel sales in just over two months. The company also announced a joint venture agreement with three major oil and gas service providers in the region that resulted in the sale of a multi-purpose support vessel with a contract value of RM88.0 million (approx S$35.8 million2). In late August, The Group secured a contract for a 5,220bhp AHTS vessel in late August and it acquired contracts in an en-bloc sale for three 5,150bhp AHTS vessels in late July.

We are delighted that we have surpassed last year’s order wins,” said Mr. Leong Seng Keat, Nam Cheong’s Executive Director. “The stream of order wins that Nam Cheong has experienced in the past two months confirms again our market prediction for a continued demand for AHTS vessels and a rising demand for PSVs. Momentum for the offshore marine industry remains brisk, especially in Malaysia, as oil prices remain high and oil majors continue to invest in exploration and production (“E&P”) activities in the region.”

Mr. Leong added: “Anything above US$55 a barrel in oil prices is very comfortable for oil majors to continue to deploy assets in shallow water. That’s why we continue to see demand for smaller AHTS vessels that is driven by shallow water oil and gas activities. But at the same time, we are catering to future expansion of activities in deeper waters with our PSV builds.”

Operating one of the largest shipbuilding yards for OSVs in Malaysia, Nam Cheong Limited has 21 vessels currently undergoing its shipbuilding program and scheduled for completion in 2012. The company is also building the Rolls-Royce UT 755 CD diesel electric platform supply vessel, including the WSD 800 multi-purpose platform supply vessel that was also contracted by Bumi Armada. The vessel is due to be launched and commissioned by fall 2012.

Shipbuilding Tribune Staff, January 17, 2012; Image: namcheong

Share this article

Follow World Maritime News

Posted on January 17, 2012

In Depth>


<< Oct 2015 >>
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Danish Maritime Technology Conference 7-8 October 2015

Danish Maritime Technology Conference is a summit for the maritime industry taking place during Danish Maritime Days 2015.

The conference gathers the newest, most innovative and sustainable technologies from the Danish Maritime industry.

The conference is held with support from The Danish Maritime Fond and in collaboration with members of Danish Maritime such as: MAN Diesel & Turbo, Wärtsilä Danmark, Emerson Process Management Marine Tank Management – Damcos A/S, Inrotech, VIKING Life Saving Equipment, Hempel, Alfa Laval Danmark, Force Technology and Søby Yard.

Danish Maritime Technology Conference is free of charge.

Read more about the conference here.

read more >

Marintec China 2015, Shanghai, China


Facts & Figures of Marintec China:
• The exhibition spread over 70,000 square metres in Shanghai New International Expo Centre
• Over 1,700 exhibiting companies were participating in the event
• 57,888 quality trade visitors from 88 countries/regions
• 16 national & regional pavilions from Austria, China, Denmark, Finland, France, Germany, Hong Kong SAR, Japan, Korea, the Netherlands, Norway, Singapore, Sweden, Taiwan region, the United States and the United Kingdom were organised

About Marintec China

Marintec China 2015 will be held on 1-4 December 2015 in Shanghai. With increasing worldwide recognition and reputation throughout the past three decades, the exhibition is attracting an increasing number of high-profile exhibitors and visitors from around the world.

Regarded as the only gateway to the Asian maritime market, Marinetech China has become larger than ever! Being the most recognized maritime trade show in Asia, Marintec China is definitely an international marketplace for buyers to source from international sellers showcasing their latest marine, ship design, offshore engineering and port technology.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. Marintec China 2013 has broken all the previous records attracting more than 1,700 exhibiting companies from 32 countries /regions and 16 group pavilions, making it the most international and authorised industry event in Asia. Taking place once every two years, Marintec China 2015 edition is a unique opportunity for suppliers to connect with new customers and re-connect with existing contacts from the region, and final one to present new products and services to the trade visitors and experts from all parts of the world.

Visit Marintec China 2015 website for more details

read more >

Salvage Law & Practice Seminar

Salvage Law & Practice at a glance:
Lloyd’s Open Form – contract design, administration and recent cases
special compensation awards…

read more >