Malaysia’s Nam Cheong has secured a contract from Sentinel Marine to supply three anchor handling towing supply vessels.

Under the S$46m ($38m) contract, Nam Cheong will provide three vessels with a length of 59m and a bollard pull of 62t.

Delivery of the vessels is scheduled to take place by the fourth quarter of 2012.

The company also expects to deliver six vessels in the second half of this year and five the following year, reports upstreamonline.com.