• 2014 September 29 18:05

  Nam Cheong to invest US$30.7 million in Indonesian ship owning and chartering company

  

  Nam Cheong Limited , a leading global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia’s largest Offshore Support Vessel builder, today announced that it has entered into a binding Heads Of Agreement with Marco Polo Marine Limited in relation to a proposed investment in MPML’s indirect subsidiary, PT Pelayaran Nasional Bina Buana Raya Tbk. This is the second significant initiative undertaken by Nam Cheong to further extend its interests in the attractive Indonesian oil and gas market, following the forming of a joint venture in Indonesia in September 2013 to own, operate and charter marine vessels, the company said in its press release.

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