Malaysia-based shipbuilder Nam Cheong has announced it has sold two vessels worth approximately US$58m.

Singapore's Marco Polo Marine has ordered a 200-man accommodation work vessel scheduled for delivery in 2015.

The other order was a 12,000bhp AHTS vessel sold to Topaz Energy and Marine in Dubai, with delivery set for 2016.

Leong Seng Keat, Nam Cheong CEO, commented, "We are delighted to kick off 2015 with the securing of two new contracts."

Nam Cheong's orderbook now stands at around RM1.7bn (US$457.5m), but the company appears to be struggling to match the pace of business last year where seven vessels were sold in the first three months of the year.