March 19th, 20200Brazilian miner Vale is considering the suspension of operations at its Malaysian TRMT terminal and distribution centre this month, which would result in 800,000 mt in lost shipments over the first quarter. In a statement, Vale said it could temporarily halt operations at its Teluk Rubiah iron ore transhipment centre in Malaysia...
March 17th, 20200Cosco Qidong Offshore, an affiliate offshore yard of Cosco Shipping Heavy Industry, has secured a contract from Malaysia's Yinson Holdings for the conversion of a VLCC into a FPSO. The project will see Cosco convert Yinson's 2002-built 308,900 dwt VLCC , acquired by Yinson from John Fredriksen's Ship Finance International in 2018,...
March 17th, 20200Malaysian offshore service provider Barakah Offshore has filed a claim against PRPC Utilities and Facilities, a unit of Petronas, in an ongoing dispute between the two companies. Barakah is seeking MYR42.7m ($10m) from PRPC for progress claims or payments owed by PRPC over work done, together with an MYR8.41m ($1.95m) performance bond...
March 17th, 20200Malaysian FPSO operator Yinson Holdings has sealed a long-term charter contract with Petrovietnam Technical Services Corp (PTSC) for FPSO PTSC Lam Son. The new contract replaces all the previous interim deals, and is backdated to commence from July 1, 2017 and run through to the end of June 2021. The value of the extension is...
March 16th, 20200A fire and explosion on Sunday night in Malaysia killed five people at a refining and petrochemicals complex jointly owned by Petronas and Saudi Armco. Another worker sustained 70% burns from the huge blaze at the diesel hydro treater unit in the Pengerang complex located in Johor. This is the second fire in less than a year at the...
March 10th, 20201Norway’s Solstad Offshore has been awarded a contract with a major Malaysian operator for 2006-built anchor handling tug supply vessel . The vessel will support a drilling program of six wells starting during March 2020. Estimated duration is 285 days. The client also has options to extend the contract for a further 60...
March 10th, 20200Malaysian engineering group Eversendai Corporation has announced that it has agreed to acquire the entire issued capital of Vahana Offshore from Vahana Holdings, which is privately owned by its chairman Tan Sri AK Nathan Elumalay. The agreement comes after Varhana Holdings offered to sell Varhana Offshore to Eversendai in...
March 5th, 20200Malaysian oil and gas services provider Uzma has been awarded new contracts by Shell and Petronas. Uzma Engineering has been awarded a contract by Shell for the provision of platform wells plug and abandonment campaign for Sarawak 2020. The works will be done at two Shell-operated platforms involving five wells, and work is...
March 3rd, 20200Malaysia’s AET is widely tipped to be the Asian owner behind yesterday’s stock market announcement from South Korea’s Samsung Heavy Industries regarding a trio of shuttle tanker orders. Samsung Heavy announced yesterday it had won a KRW361.1bn ($302.2m) order to build three suezmax sized shuttle tankers. The ships will start...
March 3rd, 20200Malaysian offshore vessel shipbuilder and operator Nam Cheong has clinched chartering contracts for six OSVs worth MYR116.4m ($27.6m) including options. The six vessels are made up of two accommodation work barges, three AHTS vessels and one PSV. The vessels will be mainly operated in East Malaysian waters to support the drilling...
