$NamCheong (1MZ.SG)$It's been just 8 months or so since Nam Cheong Limited got past a stormy weather of financial restructuring over a debt that once threatened to sink it.
The Singapore-listed offshore support vessel (OSV) operator has emerged leaner and stronger, with half of its debt forgiven by creditors.
Better yet, operating largely in Malaysian waters, it has been able to catch the 2024 wave of higher charter rates in a booming offshore oil and gas market that still has a long run ahead.
Demand is strong, supply is constrained. Things have not been this good for this company in a long while
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