BREAKING:

This episode weighs the future of a prominent offshore services provider against a backdrop of ageing global infrastructure. We debate whether Nam Cheong Limited's return to shipbuilding and its focus on modern, fuel-efficient vessels provides a sustainable edge or if regional policy disputes and capital expenditure pullbacks from energy majors present significant hurdles.

• The competitive edge of maintaining a modern fleet compared to the rising maintenance costs of global peers

• How strategic asset sales are used to reduce debt and fund a return to construction activities

• The risks of charter cancellations and market volatility despite securing long-term contracts

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BREAKING:

Nam Cheong Limited focused on its vessel chartering business for the period, achieving sequential revenue growth fuelled by new long-term contracts and increased vessel utilisation. Although profitability decreased year-on-year due to the absence of significant non-recurring gains from the prior year’s debt restructuring, the Group maintained a steady gross margin. Management remains cautiously optimistic, citing a tight Offshore Support Vessel (OSV) market and an ageing global fleet.

• Discover how the commencement of long-term charters drove sequential growth in core business activities

• Understand why overall period profitability was lower compared to the preceding year, despite steady margins

• Explore the positive market outlook, sustained by structural supply constraints and the ageing regional OSV fleet

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There will be an EGM on

Event dates:

For more information, click here: NAM CHEONG LIMITED 2024 EGM