{"id":87219,"date":"2026-04-22T08:11:00","date_gmt":"2026-04-22T08:11:00","guid":{"rendered":"https:\/\/christiancorner.us\/index.php\/2026\/04\/22\/kopi-see-with-nam-cheong-ceo-why-oil-prices-dont-tell-the-whole-story\/"},"modified":"2026-04-22T08:13:39","modified_gmt":"2026-04-22T08:13:39","slug":"kopi-see-with-nam-cheong-ceo-why-oil-prices-dont-tell-the-whole-story","status":"publish","type":"post","link":"https:\/\/christiancorner.us\/index.php\/2026\/04\/22\/kopi-see-with-nam-cheong-ceo-why-oil-prices-dont-tell-the-whole-story\/","title":{"rendered":"Kopi-See with Nam Cheong CEO: Why oil prices don&#8217;t tell the whole story"},"content":{"rendered":"<p>\n<\/p>\n<div>\n<p><span style=\"background-color:transparent;color:#0b2116;\">In February 2026, Nam Cheong Limited announced that it had won a new shipbuilding contract. The last time it made such an announcement was more than 10 years ago. <\/span> <span style=\"background-color:transparent;color:#0b2116;\">The deal \u2013 US$64.5 million for four ships commissioned by a UAE-based energy logistics company \u2013 was notable for its size, but it also signaled something else. <\/span> <span style=\"background-color:transparent;color:#0b2116;\">The Sarawak-based offshore support vessel (OSV) builder was going through the most brutal recession in the history of its industry. It had restructured its loans, let employees go, and even threatened customers with default and legal action. Despite all this, it survived.<\/span> <span style=\"background-color:transparent;color:#0b2116;\">For retail investors who have followed Nam Cheong&#8217;s journey over those years, the contract announcement must have been a long-awaited sign. <\/span> <span style=\"background-color:transparent;color:#0b2116;\">Yet CEO Leong Seng Keat is careful not to focus too much on any one data point. This also includes the ongoing surge in oil prices between America-Israel-Iran.<\/span>&#8230;<\/p>\n<\/div>\n<p><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;version=v4.0\"><\/script><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;version=v13.0\" nonce=\"3nfhalVK\"><\/script><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_GB\/sdk.js#xfbml=1&#038;version=v13.0\" nonce=\"blyG8KXs\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In February 2026, Nam Cheong Limited announced that it had won a new shipbuilding contract. The last time it made such an announcement was more than 10 years ago. The deal \u2013 US$64.5 million for four ships commissioned by a UAE-based energy logistics company \u2013 was notable for its size, but it also signaled something<\/p>\n","protected":false},"author":1,"featured_media":6422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[2216,24263,991,24262,15643,415,72,2396],"class_list":{"0":"post-87219","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-bread","8":"tag-ceo","9":"tag-cheong","10":"tag-dont","11":"tag-kopisee","12":"tag-nam","13":"tag-oil","14":"tag-prices","15":"tag-story"},"_links":{"self":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/87219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/comments?post=87219"}],"version-history":[{"count":1,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/87219\/revisions"}],"predecessor-version":[{"id":87232,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/87219\/revisions\/87232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media\/6422"}],"wp:attachment":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media?parent=87219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/categories?post=87219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/tags?post=87219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}