Nam Cheong Limited

Nam Cheong secures multi-year OSV charter contracts worth RM1.2 bil - THE EDGE SINGAPORE

Contracts

Nam Cheong secures multi-year OSV charter contracts worth RM1.2 bil

The charters are expected to begin in 2025 for a firm charter period of 3 years.

Results

Nam Cheong reports net profit of RM50.9 mil, down 19% y-o-y

For the period, earnings per share stood at 11.74 sen, down from 72.81 sen in 3QFY2024.

Nam Cheong announces over $300 mil in liabilities; mulls restructuring

SINGAPORE (April 24): Nam Cheong, the OSV builder has revealed the extent of “various obligations” owed to financial lenders and trade creditors that have fallen due, and that it expects to fall due.
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