- We think Nam Cheong (SGX:1MZ) will post stronger 1Q y-o-y numbers on the back of higher utilisation and a gain from the disposal of a vessel.
Maintenance resulted in higher greenhouse gas (GHG) emissions.
- - Read this at SGinvestors.io -
- Emissions from off-hire vessels were higher (+45% y-o-y), likely due to maintenance undertaken by the group in 1H25 in preparation for its long-term charters – many vessels likely require engines or generators to be running after maintenance but prior to re-entry into service. As a result, emissions intensity rose 14.9% y-o-y to 272 tCO2e/MYRm of revenue due to lower topline y-o-y (-9.5%).
- - Read this at SGinvestors.io -
Other ESG updates.
- Read more at SGinvestors.io.
