Asia
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Indonesian ore export ban eases
Jakarta: Indonesia’s ban on exporting mineral ores is easing with Reuters reporting nine companies have been given export permits as…
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Petredec exercises VLGC options
Singapore: Singapore-based LPG operator Petredec has exercised an option to build a further two VLGCs at Hyundai Heavy Industries. Petredec…
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New vessels will ‘pressure freight rates’: APL
Singapore: In announcing its annual results yesterday, Singapore’s Neptune Orient Lines (NOL) warned that rates are set to remain tight.…
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EMS Energy leases larger Tuas premises
Singapore: EMS Energy has entered into a tenancy agreement for the lease of a 23,237.88 sq m parcel of land…
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TH Heavy sells stake in Floatech
Kuala Lumpur: Malaysian offshore manufacturer TH Heavy has sold a 20% stake in subsidiary Floatech for $13.13m to Globalmariner Offshore…
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Bumi Armada recontracts Nigerian FPSO
Kuala Lumpur: Bumi Armada Berhad announced yesterday that itssubsidiaries, Armada Oyo and Bumi Armada (Singapore), signed two contracts with Oceanic…
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Lukoil withdraws from Vietnam offshore project
Ho Chi Minh City: Russia oil company Lukoil has decided to pull out from a jv oil exploration project in Vietnam due…
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Bibby Offshore Singapore completes inspection service for PTTEP
Singapore: Bibby Offshore Singapore has completed a call-out contract with PTT Exploration & Production (PTTEP). The project involved a short-notice…
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IRClass: Beyond India
Mumbai: The Indian Register of Shipping (IRClass) is targeting a far greater international path for its future under its chairman…
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Petronas signs Argentina gas deal
Kuala Lumpur: Malaysian oil giant Petronas has signed a preliminary agreement with Argentinean state controlled firm YPF to invest in…
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EOC inks sale and leaseback deal with ICBC
Singapore: Offshore service provider EOC Limited has inked a $200m sale and leaseback deal for vessel Lewek Champion with ICBC…
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Pan-United expands China port presence
Singapore: Singapore’s Pan-United Corporation Ltd, through its 85.5%-owned Changshu Xinghua Port (CXP), has bought a a 90% stake in a…
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Thoresen Shipping grows owned bulker fleet to 20 vessels
Singapore: Thoresen Shipping Singapore, a wholly owned subsidiary of Thoresen Thai Agency Agencies, has announced its latest acquisition – a…
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Loan extension for Hanjin Subic
Manila: Rizal Commercial Banking Corp (RCBC) has extended a $100m loan to Hanjin Heavy Industries & Construction (HHIC) Philippines to…
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KS Energy wins $58m Vietsovpetro rig contract
Singapore: KS Energy Limited has announced that wholly-owned subsidiary KS Drilling has secured a contract for the provision of a…
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PDZ looks to diversify beyond boxes
Kuala Lumpur: Malaysian liner operator PDZ Holdings is actively looking to diversify earnings, with offshore viewed as the most likely…
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Shin Yang to start shipping Indonesian iron ore
Kuala Lumpur: Shin Yang Shipping Corp (Syscorp) will start shifting Indonesian iron ore from the second half of this year.…
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PTSC inks Brunei contract
Ho Chi Minh City: PTSC Mechanical and Construction has inked a $130m contract with Total E&P Borneo to provide engineering,…
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Collision avoidance
Commander Nicholas Iliopoulos, a master mariner, looks at best practices when transiting the busy Singapore and Malacca Straits. The recent…
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Vietnam launches its longest sea bridge construction
Ho Chi Minh City: Construction of Vietnam’s longest sea bridge, Tan Vu-Cat Hai Bridge, was launched over the weekend in…
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