Shipbuilding to Stay Nam Cheong's Main Focus

Singapore-listed, Malaysia-based shipbuilder of oil and gas support vessels Nam Cheong Ltd - Executive Director Leong Seng Keat discusses:

- Evolution from building fishing vessels in 1968 to support vessels for the oil and gas industry industry;
- Culture of innovation in shipbuilding, traditionally a "slavery" industry;
- Details - types and uses - OSVs (offshore support vessels);
- Production capacity - 12.6-hectare Miri shipyard
- Decision to outsource construction of vessels to Fujian province;
- Orderbook pipeline;
- Malaysia's Bumi Armada and Petra Perdana are two clients - biggest customers by geography;
- Shipbuilding industry - cyclicality - project-based nature;
- Whether signs - pick-up - vessel building industry;
- Industry catalysts;
- Its smaller - but higher margin - vessel chartering division;
- The slowing global economy - effect on earnings;
- SGX Mainboard - reverse takeover;
- Investment in Perdana Petroleum.