Nam Cheong

[CityFarmer]

IIRC Jaya does not have the same strategy as Nam Cheong. Jaya builds ships that is in demand and lease it out if no buyer, that's why there were clearly 2 divisions in Jaya. OTOH Nam Cheong for some reason or another manages to sell all their ships that they build without prior orders. That's what makes me ponder.

When I met Pacific Radiance recently the son was singing a different tune that they have orders before they build.

Jaya model made a lot of sense, it was not done in because of their model, it was done in because of LBO by PE.

FYI, Nam Cheong operating in two segments, Shipbuilding and Chartering.