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Saturday, March 2, 2013

Nam Cheong wins contract to sell 4 PSVs for $161mil


Global offshore marine player Nam Cheong secured US$130 million ($161 milion) worth of contracts with Armada Offshore, a wholly-owned subsidiary of Bumi Armada, for the sale of four multi-purpose platform support vessels.

The contracts represent one of the largest collective wins for Nam Cheong and is expected to contribute positively to its FY2013–2015 earnings.

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