Nam Cheong enters offshore engineering with Labuan tie-up
The project is key to the group’s move into engineering, procurement, construction, installation and commissioning. Operations are due to begin in 2021 and will help diversify revenue streams beyond existing shipbuilding and chartering businesses
Shipbuilding subsidiary Nam Cheong Dockyard intends to redevelop existing facilities on government land into modern integrated marine engineering and construction resources to buttress the growth of oil and gas industries in Labuan, Sabah, Sarawak and Brunei
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