Nam Cheong

The consistent improvement in its business fundamentals underpins Nam Cheong's momentum towards its gradual recovery.

SINGAPORE (Dec 10): Offshore Support Vessel (OSV) provider Nam Cheong has inked three chartering contracts worth a total of RM 54.8 million ($17.9 million) including options to extend, the company announced Tuesday.

(Sept 30): This past week has seen some notable share disposals. On Sept 23, Leong Seng Keat, CEO of Malaysia-based oil and gas shipbuilder Nam Cheong, sold 13.9 million shares at 0.6 cent apiece on the open market. This reduced his direct interest to 0.0

(June 3): June 7 will mark the end of Theresa May’s tenure as British Prime Minister, after a three-year leadership fraught with bad mistakes, resignations, controversy and widely panned policies. Her time as PM will be defined by her inability to deliv

SINGAPORE (May 29):  Nam Cheong, the Malaysia-based builder of OSVs (offshore support vessels), says subsidiary SKOSV Sdn Bhd has clinched long-term chartering contracts for three OSVs worth RM80 million ($26.4 million) with Malaysian oil majors.

SINGAPORE (Feb 27): Nam Cheong announced earnings of RM9.7 million for the 4Q ended Dec 2018, reversing from its loss of RM987.5 million in 4Q17 mainly a result of a waiver of debts.

SINGAPORE (Sept 11): Malaysia-based offshore support vessel (OSV) builder Nam Cheong expects to implement its sanctioned schemes of arrangement by this year, which would signal the “crossing of a key obstacle” in its ongoing restructuring exercise to

SINGAPORE (Sept 3): Nam Cheong, the Malaysia-based builder of OSVs (offshore support vessel) is launching a rights issue to fund a cash-out option.

SINGAPORE (Aug 23): Nam Cheong swung back to profitability in 1H18 with earnings of RM0.6 million ($0.2 million) compared to its RM2.1 billion loss in 1H17 after restructuring a substantial amount of trade debts with its creditors, resulting in a waiver o

SINGAPORE (Nov 14): Nam Cheong, the debt-saddled Malaysian shipbuilder and vessel charterer, sunk into 3Q losses of RM48.6 million ($15.8 million) as the result of the foreign exchange loss and finance costs, compared to earnings of RM0.76 million a year