Asia
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Frost & Sullivan bullish on regional LNG markets
Kuala Lumpur: The environmental benefits that liquefied natural gas (LNG) offers over oil and coal are encouraging the development of…
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Bumi Armada in Sukuk financing move
Kuala Lumpur: Bumi Armada is pushing ahead with a Sukuk financing deal worth up to RM1.5bn. Proceeds will go on…
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TH Heavy bids to enter FPSO sector
Kuala Lumpur: TH Heavy Engineering is upgrading its fabrication yard so that it can make more than 20,000 tonnes of…
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Singapore vehicle created to invest in Indonesian shipping
Singapore: Asset management firm Mandiri Investment Management (MIM), a Singapore-based subsidiary of Indonesia’s Mandiri Manajemen Investasi (MMI), expects to book…
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SapuraKencana Petroleum outlines plans for more rigs
Kuala Lumpur: Malaysia’s SapuraKencana Petroleum has allocated $500m of annual capital expenditure (capex) over the next three years, mainly to…
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Epic Gas gets financing from CIT
Singapore: Transportation finance firm CIT Group, has announced that CIT Maritime Finance provided a $46.4m senior secured credit facility to…
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Vallianz issuing notes
Singapore: Singapore-listed offshore vessel player Vallianz Holdings is looking to raise S$100m by issuing two-year short-term notes. Net proceeds will…
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29 events scheduled for Singapore Maritime Week
Singapore: For those recovering from last week’s manic series of maritime events in the Lion Republic should rest up as…
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Damen opens new shipyard in Vietnam
Ho Chi Minh City: Damen has opened its new joint venture yard in Vietnam, Damen Song Cam, with Vietnam’s Minister…
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Sherpa Offshore: Gas-powered OSVs “make sense”
Singapore: Denis Welch, a well-known face in the Asian shipyard scene, is now on a mission to develop gas powered…
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KrisEnergy gets $100m credit facility for asset acquisitions
Singapore: KrisEnergy announced that its wholly owned subsidiary, KrisEnergy (Asia), has entered into a facility agreement whereby KrisEnergy will be…
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Denis Welch keen to develop Asian gas-powered OSVs
Singapore: Denis Welch, a well-known face in the Asian shipyard scene, is now on a mission to develop gas powered…
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Pipelines get in the way of port development
Jakarta: A set of pipelines has been identified as the main hurdle facing the development of the much needed though…
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DNV GL opens new Vietnam office
Ho Chi Minh City: Classification society DNV GL has moved into a new office in Vietnam, officially opened by His…
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Santos starts production at Peluang
Jakarta: Australian oil company Santos Limited announced today that natural gas production has commenced ahead of schedule and on budget…
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MISC selling logistics subsidiary
Kuala Lumpur: MISC is selling its logistics subsidiary to UPSB for RM250m as it continues to narrow its focus onto…
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UK property purchase as Tanjung diversifies earnings
Kuala Lumpur: Tanjung Offshore Berhad is paying RM37.18m to buy Wavenet Investments from the UK’s Cross Space Securities. Wavenet owns…
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New head at Vinalines
Hanoi: Le Anh Son has been names General Director of the Vietnam National Shipping Lines Corporation or Vinalines. Son, who…
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Foreign investment sought at Myanmar’s ports
Bangkok: The Myanmar Port Authority is laying out the red carpet for foreign port investors as it looks to bolster…
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Chellsea adds two more OSVs
Singapore: Rolls-Royce has won an order to provide an integrated design and equipment package for two offshore supply vessels to…
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