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Nam Cheong sells vessel to Timsah Shipbuilding for US$ 21.2 million

By Public Technologies
  • Nam Cheong sold a newbuild multipurpose support vessel to Egypt's Timsah Shipbuilding for USD 21.2 million on November 10, 2026.
  • The repeat order from the Suez Canal Authority subsidiary marks the group's second newbuild vessel sale in 2026.
  • Delivery is scheduled for the first quarter of 2027, with the sale expected to contribute positively to fiscal 2027 earnings.
  • The vessel, currently under construction, was originally intended for the group's chartering fleet.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nam Cheong Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 9KZ98146LMNWKZ2P) on November 10, 2026, and is solely responsible for the information contained therein.

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