Latest news with #AHTS
Borneo Post
27-06-2025
- Business
- Borneo Post
Nam Cheong secures RM204.1 million OSV contracts in Middle East and Japan
Nam Cheong is actively moving into offshore renewables and environmental marine services while continuing to serve its core oil and gas customers. KUCHING (June 27): Sarawak-based offshore support vessel (OSV) provider Nam Cheong Limited has secured RM204.1 million worth of new charter contracts for three vessels with operations starting in 2025 for up to two years and options for further extension. The group in a statement yesterday said the contracts involve one anchor handling tug supply vessel (AHTS) and two fast crew boats. Two of the vessels will be chartered to Marine Operations for Environmental Services (SAIL) in the Middle East to support coastal environmental protection projects. The third will be chartered to a contractor involved in offshore wind farm operations in Japan. SAIL, established in 2022, is a wholly owned subsidiary of the Saudi Investment and Resource Company (SIRC) and the Public Investment Fund of Saudi Arabia. The company focuses on rapid oil spill response and shoreline monitoring using advanced technology and best industry practices. Nam Cheong said the move into green offshore projects reflects the strength and flexibility of its fleet in supporting diverse offshore activities. 'Meanwhile, our expansion into the Middle East and Japanese waters reflects a strategic move to diversify the Group's geographical exposure and reduce concentration risk. 'Collectively, these enhance the resilience of our fleet operations, especially amid the evolving market landscape and ongoing macroeconomic uncertainties,' it said. With these new charters, Nam Cheong now has 24 vessels under long-term contracts, making up 63 per cent of its fleet. The group aims to raise this to 70 per cent, a target it says will boost earnings visibility and operational stability. It further noted that demand for OSVs is rising beyond the traditional oil and gas sector as the global energy mix shifts. In response, the group is actively moving into offshore renewables and environmental marine services while continuing to serve its core oil and gas customers. 'This approach positions the group to capture a broader set of long-term opportunities across multiple sectors and geographies,' it added. Chief executive officer Leong Seng Keat said the latest contract wins will expand the company's reach across different offshore sectors and regions, adding to a portfolio that currently serves only the oil and gas industry. 'While Oil and Gas remains a core market for us, we are seeing growing potential in offshore renewables and marine environmental services. 'Leveraging a modern and advanced fleet, we are building a more balanced charter mix to maximise fleet utilisation while capitalising on the global energy transition trend to drive sustainable returns. 'Our target of having 70 per cent of the fleet on long-term contracts not only provides earnings stability, but also gives us the flexibility to pursue attractive opportunities as they emerge in the evolving markets,' he said. corporate news Nam Cheong Limited offshore support vessel
Zawya
11-06-2025
- Business
- Zawya
UAE: Premier Marine Shipyards launches new offshore support vessel
In a major leap forward for regional maritime capability, Dubai-based Premier Marine Shipyards has announced the launch of its most advanced offshore support vessel to date -Rawabi 73, a 70-m Anchor Handling Tug Supply (AHTS) vessel custom-built for Vallianz Shipbuilding & Engineering, a wholly-owned subsidiary of Vallianz Holdings Limited. VSE is building the vessel on behalf of Rawabi Vallianz Offshore Services. Designed to perform a wide range of critical functions - including anchor handling, towing, firefighting, rescue, and subsea support - the vessel represents a new era in offshore support. It also offers modern accommodation for up to 50 personnel, ensuring crew comfort and safety on extended missions. The unveiling of this state-of-the-art vessel marks a significant milestone in UAE's shipbuilding sector and showcases the power of cross-border collaboration, innovation, and industrial excellence, said senior executives of Premier Marine Shipyards at the official launch ceremony held at the Dubai Maritime City. It was attended by Ling Yong Wah, Executive Director and CEO of Vallianz Holdings; Walter Van Aarde, General Manager of Rawabi Vallianz Offshore Services; Hemant Tandon, Managing Director of Premier Marine Shipyards, Mohammad Al Tamimi, Assistant Manager – Reservation, Dubai Maritime City & Abdulla Esam Abdulla, MEM Senior Manager – Operations, Dubai Maritime City alongside other key officials. Speaking on the occasion, Tandon dubbed the launch as a proud moment for the company and a significant advancement in regional maritime capabilities. "This launch marks a proud milestone for Premier Marine Shipyards and reflects months of engineering excellence, precision, and collaboration," he stated. "The successful launch of Rawabi 73 signals a major achievement for the regional maritime sector, showcasing Premier Marine Shipyard's growing stature as a shipbuilder of choice for complex offshore vessels. With its advanced capabilities, smart systems, and world-class safety and environmental standards, Rawabi 73 is not just a vessel—it's a statement of intent," noted Tandon. "The vessel has been purpose-built to meet the complex and evolving demands of offshore operations—from oil and gas exploration to renewable energy support," he added. He emphasised the shipyard's long-term vision for innovation, sustainability, and client-focused design. "As the maritime industry transitions to cleaner and more capable technologies, we're investing in vessels that reflect those values. This AHTS vessel represents not just power and performance but our broader goal of helping our clients operate safer and smarter at sea," he stated. Ling Yong, echoing the sentiment, said: "It is truly an honour to be part of this celebration marking the launch of Rawabi 73 - a vessel that stands as a symbol of innovation, excellence and the strength of collaboration." "This vessel reflects our collective pursuit of world-class service, mutual respect and the power of working together as one team to achieve common goals," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
10-06-2025
- Business
- Trade Arabia
Premier Marine Shipyards launches new offshore support vessel
In a major leap forward for regional maritime capability, Dubai-based Premier Marine Shipyards has announced the launch of its most advanced offshore support vessel to date -Rawabi 73, a 70-m Anchor Handling Tug Supply (AHTS) vessel custom-built for Vallianz Shipbuilding & Engineering, a wholly-owned subsidiary of Vallianz Holdings Limited. VSE is building the vessel on behalf of Rawabi Vallianz Offshore Services. Designed to perform a wide range of critical functions - including anchor handling, towing, firefighting, rescue, and subsea support - the vessel represents a new era in offshore support. It also offers modern accommodation for up to 50 personnel, ensuring crew comfort and safety on extended missions. The unveiling of this state-of-the-art vessel marks a significant milestone in UAE's shipbuilding sector and showcases the power of cross-border collaboration, innovation, and industrial excellence, said senior executives of Premier Marine Shipyards at the official launch ceremony held at the Dubai Maritime City. It was attended by Ling Yong Wah, Executive Director and CEO of Vallianz Holdings; Walter Van Aarde, General Manager of Rawabi Vallianz Offshore Services; Hemant Tandon, Managing Director of Premier Marine Shipyards, Mohammad Al Tamimi, Assistant Manager – Reservation, Dubai Maritime City & Abdulla Esam Abdulla, MEM Senior Manager – Operations, Dubai Maritime City alongside other key officials. Speaking on the occasion, Tandon dubbed the launch as a proud moment for the company and a significant advancement in regional maritime capabilities. "This launch marks a proud milestone for Premier Marine Shipyards and reflects months of engineering excellence, precision, and collaboration," he stated. "The successful launch of Rawabi 73 signals a major achievement for the regional maritime sector, showcasing Premier Marine Shipyard's growing stature as a shipbuilder of choice for complex offshore vessels. With its advanced capabilities, smart systems, and world-class safety and environmental standards, Rawabi 73 is not just a vessel—it's a statement of intent," noted Tandon. "The vessel has been purpose-built to meet the complex and evolving demands of offshore operations—from oil and gas exploration to renewable energy support," he added. He emphasised the shipyard's long-term vision for innovation, sustainability, and client-focused design. "As the maritime industry transitions to cleaner and more capable technologies, we're investing in vessels that reflect those values. This AHTS vessel represents not just power and performance but our broader goal of helping our clients operate safer and smarter at sea," he stated. Ling Yong, echoing the sentiment, said: "It is truly an honour to be part of this celebration marking the launch of Rawabi 73 - a vessel that stands as a symbol of innovation, excellence and the strength of collaboration."
