October 16th, 20190Malaysian FPSO operator Yinson Holdings has been awarded two letters of intent by Petrobras for the charter, operations and maintenance of FPSO Marlim 2 for the Marlim revitalisation project in Brazil. The contract period is for 25 years and total value of the contract is $5.4bn. FPSO Marlim 2 will be Yinson’s largest project to...
October 15th, 20190Malaysian offshore service provider Barakah Offshore and its potential white knight have mutually agreed to terminate agreements related to the company's proposed regularisation plan. The regularisation plan, proposed by the company in July, included the disposal of a pipelay barge to Lecca Group for $21m as well as a share capital...
October 15th, 20190Malaysia's Port of Tanjung Pelepas (PTP), situated opposite the republic of Singapore, has outlined plans to nearly triple capacity to 30m teu by 2030 as Southeast Asian boxport building accelerates. Last year, PTP handled 8.96m teu. The port has an annual capacity of 12.5m teu "PTP has to grow for the country to maximise its...
October 10th, 20190Malaysia’s MISC has secured agreements with Exxon Mobil’s wholly-owned subsidiary, SeaRiver Maritime, for 15-year time charter contracts for two of its LNG carriers. The 174,000 cu m ships are currently under construction at Samsung Heavy Industries in South Korea for delivery in early 2023. MISC’s president Yee Yang Chien...
October 8th, 20190Malaysian owner EA Technique has entered into an agreement with China's Ningbo Zhenhe Shipbuilding for the construction of three product tankers. The three 9,000 dwt vessels will be chartered to PETCO, a unit of Petronas, under a five years firm contract plus options for another five year. The total value of the charter contract is...
October 1st, 20190Vietnamese company spend FGAS Petrol’s fleet upgrade shows no sign of slowing down. This week Hanoi-based FGAS Petrol has added its most modern ships to date, spending just under $33m on two seven-year-old chemical tankers from Malaysia’s MISC, adding the two 20,000 dwt s sister ships , and . The two ships will join a fleet of...
October 1st, 20190Malaysian FPSO operator Yinson Holdings has secured another extension to charter contract with Petrovietnam Technical Services Corp (PTSC) for operations at the Lam Son Field. The extension is for one months and will see the FPSO PTSC Lam Son continue to work with PTSC until October 31. The value of the extension is around $1.54m....
September 30th, 20190Malaysian offshore service provider Sapura Energy has secured a series of new contract and extensions worth a total of RM774m ($185m). Sapura Fabrication has been awarded a contract from Brunei Shell Petroleum Company for the provision of EPCI works for the Salman Project in Brunei. The company has been secured a contract from...
September 27th, 20190Malaysian offshore service provider Bumi Armada has received up to RM317m ($75m) of financing from Mezzanine Equities, a unit of its largest shareholder Usaha Tegas, owned by billionaire T Ananda Krishnan. According to Bumi Armada, the financing was awarded to two of its wholly-owned units, and it comprises of a three-year term loan...
September 25th, 20190Malaysia’s top shipowner, MISC, has signed with Japan’s Nippon Yusen Kaisha (NYK) and Mitsubishi Corporation to co-own two newbuild LNG vessels. The 174,000 cu m ships are currently being built by Hyundai Samho Heavy Industries (HSHI) and feature XDF propulsion and have a partial re-liquefaction facility. Each of the LNG...
