- We believe Nam Cheong (SGX:1MZ) is well positioned for a multi-year growth phase, supported by stable utilisation thanks to its long-term charter portfolio and a young fleet of 36 vessels.
- - Read this at SGinvestors.io -
Young fleet with multi-year chartering contracts.
- Nam Cheong’s competitive advantage in vessel chartering lies with its young-age fleet averaging nine years – significantly lower than the industry average of 14-16 years.
- Its long-term charter contracts also provide earnings visibility, while the remaining vessels on spot charter allow the group to capture any upside during periods of rising charter rates.
Restoration of interest in newbuilds.
- - Read this at SGinvestors.io -
- We believe that the growing appetite for younger builds could revitalise activity at Nam Cheong’s Miri shipyard, which has the capacity to build up to 12 vessels per year.
Strategic Sarawak play amidst PETRONAS-Petros dispute.
- Read more at SGinvestors.io.
