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Nam Cheong enters chartering and offshore engineering segments

The offshore supply vessel charterer has seen a 30% increase in charter rates since 2017 in the Malaysian market. However, after adding some new vessels to its fleet last year, it is cautious about the future and will charter in if work increases significantly

While the shipbuilding market continues to foresee weakness, group chief executive Leong Seng Keat is much more upbeat about the chartering segment and the potential for work from offshore platforms

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