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Nam Cheong wins chartering contracts with Sabah and Sarawak

The six chartering contracts worth $28m are for two accommodation work barges, three anchor handling tug supply vessels and one platform supply vessel. They will be operated in Malaysian waters to support the drilling activities of oil majors offshore of Sabah and Sarawak

The company remains vigilant on market conditions however, and will continue its diversification into engineering, procurement, construction, installation and commissioning projects to capture greater opportunities during the industry upturn

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