Nam Cheong

SINGAPORE (Aug 15): Shipbuilder Nam Cheong has sunk deeper into the red, reporting a loss RM2.1 billion ($670 million) for the half year ended June, compared to a loss of RM37 million in the same period a year ago.

(July 20): Nam Cheong is set to renege on some of its borrowings, in the latest blow to Singapore’s bond market as the shipbuilding and offshore oilfield services industry struggles to rebound from a slump in oil.

SINGAPORE (March 27): Nam Cheong, the shipbuilder of offshore support vessels (OSV), has announced that its 50-50 joint venture (JV) with integrated marine logistics group Marco Polo Marine, Marco Polo Offshore (IV) has incorporated a new wholly-owned sub

SINGAPORE (March 21): EMAS Offshore says it will be negatively impacted by the United States’ Chapter 11 filing by the company’s ultimate holding company Ezra Holdings to facilitate the restructuring of the group.

SINGAPORE (March 20): Here are some stocks that could move the market this Monday morning.

SINGAPORE (March 17): The independent auditors of Nam Cheong have issued a report indicating the existence of a material uncertainty exists that may cast doubt on company’s ability to continue as going concern.

SINGAPORE (March 1): DBS Bank is maintaining Nam Cheong at “fully valued” with 4 cents target price despite the Malaysian shipbuilder reporting smaller 4Q16 losses compared to a year ago.

SINGAPORE (Dec 23): Here are some factors and stocks that could move the market this Friday morning:

SINGAPORE (Dec 23): Nam Cheong says its subsidiary Nam Cheong International has served a notice of arbitration to Perdana Petroleum’s subsidiary Petra Offshore over the termination of a purchase of an accommodation work barge.

SINGAPORE (Nov 10): Nam Cheong, the Malaysia-based builder of specialised offshore support vessels, reported earnings of RM0.72 million ($0.24 million) for 3Q, compared to earnings of RM6,000 a year ago due to higher other income and lower selling and adm