by winston » Tue Jul 01, 2014 6:11 pm
not vested
Nam Cheong announced that it has secured contracts for four vessels worth approximately USD92m, boosting the current order book to 25 vessels worth MYR1.7bn.
Three of the vessels were platform supply vessels (PSVs) of 3,000dwt each, equipped with Dyanamic Positioning System 2 (DP2).
These vessels were sold to a repeat customer which is a leading oilfield services company based in Asia.
The last vessel is a 200-men Accommodation Work Boat, equipped with DP2 and sold to a new customer, Maridive And Oil Services S.A.E based in North Africa.
Maintain BUY with SGD0.53 TP - Nam Cheong is our Top Pick in the Offshore & Marine sector.
Source: DMG
It's all about "how much you made when you were right" & "how little you lost when you were wrong"