Nam Cheong divests 3,000-DWT platform supply vessel for 26.4 million Singapore dollars

SGX Filings

01/26

Nam Cheong Limited announced on Jan, 26 2026 that it has signed a sales agreement to dispose of an 11-year-old, 3,000-deadweight-tonne platform supply vessel to an Indonesian customer for approximately 26.4 million Singapore dollars.

Net proceeds from the deal will be directed toward debt reduction and working-capital funding, with vessel delivery scheduled for the first quarter of 2026.

Following the sale, Nam Cheong will manage a fleet of 36 offshore support vessels with an average age of nine years.

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