Perdana Orders Two AWBs from Nam Cheong

Perdana Petroleum Berhad Orders Two AWBs

Nam Cheong Limited has sold two Accommodation Work Barges (AWB) worth approximately USD 84 million, with the option for another two vessels, to Bursa-listed Perdana Petroleum Berhad (Perdana).

In July last year, Nam Cheong sold one AWB of a smaller size, to Perdana, an established offshore marine services provider for the oil and gas industry in Malaysia and the Southeast Asian region.

These two AWBs will be the first-of-its-kind in Malaysia when delivered and the largest accommodation vessels to be built by Nam Cheong.

Mr Leong Seng Keat, Nam Cheong’s Chief Executive Officer said: “In addition to breaking new ground as the first of their kind in Malaysia and the largest to be built by Nam Cheong, these AWBs boast of the highest value per unit to be constructed by us. With this contract, we are pleased to note that our cumulative order book has further increased to a high of RM1.5 billion. In light of the rising momentum of E&P spending in the global oil & gas industry and robust demand for our vessels, we remain optimistic of our prospects in the year ahead.”

Both of these vessels are being constructed under Nam Cheong’s build-to-order model in one of the group’s subcontracted yards in China. They are scheduled for delivery in 2016.

Press Release, June 23, 2014

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 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 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >