Nam Cheong Secures RM102.5 Million OSV Charters

NewTimeSpace News: On April 6, 2026, Nam Cheong announced that it has secured OSV charter contracts of up to RM102.5 million. The contracts cover one Anchor Handling Tug Supply (AHTS) vessel and one maintenance work vessel, with a firm charter period of up to 2 years commencing in 2026, and options for further extension of up to 1 additional year.

The AHTS vessel has been chartered to Offshore Oil Engineering Co., Ltd. (COOEC), a subsidiary of CNOOC, and commenced operations in the first quarter of 2026. The maintenance work vessel is chartered to a regional independent oil producer and is expected to commence operations in early second quarter of 2026. Both vessels are supporting offshore oil and gas activities in Southeast Asia.

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