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Nam Cheong Lands $64.5 million OSV Orders After Decade-Long Gap

Nam Cheong wins $64.5 million to build four 60 m OSVs—two unmanned ROLCs and two DSVs—at its Sarawak yard, with deliveries set for 2H2027 and early 2028.
Image source: Nam Cheong

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Nam Cheong has secured $64.5 million in newbuild contracts covering four offshore support vessels, in what the company described as its first shipbuilding contract wins in more than 10 years.

A key part of the award is the construction of two 60 m remotely operated landing crafts (ROLCs) that Nam Cheong said will be operated without an onboard crew. Based on a remote-control system developed by SeaOwl Group, the craft will be run via satellite link from a shore station and will include built-in auto-docking capability. The vessels are intended for logistics work where rapid deployment, versatility and crewless operation are required.

The package also includes two 60 m dive support vessels (DSVs). Nam Cheong said the DSVs are designed for subsea work in harsh open-water conditions and can support diving operations, remotely operated vehicle support, underwater inspection and maintenance.

All four vessels will be constructed in-house at Nam Cheong’s shipyard in Sarawak, Malaysia. Deliveries are scheduled for the second half of 2027 and early 2028.

The contracts were awarded by a new customer that Nam Cheong described as an established global energy maritime logistics company based in the United Arab Emirates.

Nam Cheong said the orders reflect strengthened shipbuilding capability developed over six decades and signal the customer’s confidence in the yard. Chief Executive Leong Seng Keat said the company values the customer’s trust and attributed the milestone to continuous upskilling, adding that the group’s shipbuilding track record, technical capability and focus on customer requirements will support delivery and long-term shareholder value.

The company said the contracts are expected to contribute positively to earnings for the financial years ending 2026 to 2028.

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.
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