April 19th, 20180Emas Offshore, part of Singapore’s Ezra Holdings, has successfully appealed the decision of Oslo Børs to delist the company.
In February, the exchange passed a resolution to delist Emas Offshore effective April 27 due to its failure to comply with its financial reporting obligations.
"The Stock Exchange Appeals Committee has...
April 18th, 20180Japanese VLGC Crystal Sunrise, owned by Kumiai Navigation, and Greek aframax tanker Astro Saturn, owned by Pantheon Tankers Management, collided yesterday morning in Singapore waters.
The collision occurred around 2:30am while the was picking up its pilot around one nautical mile south of Tuas Extension, near the designated western...
April 17th, 20180Singapore’s Kim Heng Offshore & Marine Holdings has secured a spot charter contract for one of its anchor handling tug supply vessels.
The contract will see the company’s 2009-built AHTS perform towage of a tender rig from Singapore to Brunei for an undisclosed oil major.
The latest contract award follows shortly after...
April 15th, 20180A PCL cargo ship hit a pier at the Port of New Orleans and leaked oil, causing the closure to vessels of a section of the lower Mississippi River and cleanup efforts, which were ongoing.
The 2003-built was in allision with a pier at the Nashville Avenue Terminal Complex.
No people were reported injured but an unspecified volume of...
April 12th, 20180Kim Heng Offshore & Marine has sealed one-year charters for its two of its three anchor handling tug supply vessels, Bridgewater 131 and Bridgewater 132.
The contract commences this month, with a leading oil major in Malaysia, with the vessels recently coming off 60-day spot charters in East Malaysia.
Thomas Tan, executive...
April 11th, 20180Singapore’s Sea Consortium, which controls the feeder operator X-Press Feeders, has been on what analysts at Alphaliner describe as a “ship buying spree” since the beginning of the year, snapping up a number of bargains.
According to Alphaliner, the carrier has purchased at least six vessels with capacities ranging from 1,600 to...
April 10th, 20180Sinanju Tankers Holdings has ordered a 7,900 dwt dual-fuel bunker tanker. The newbuilding – a first for Singapore and for Sinanju – will be powered mainly by liquefied natural gas (LNG) to deliver marine fuels to ocean-going vessels within local port limits. It will also be utilised for training on LNG handling procedures and...
April 9th, 20180Singapore’s KrisEnergy has entered into a cooperation agreement with Keppel FELS and Keppel Shipyard, two shipbuilding subsidiaries of compatriot company Keppel Corporation.
Under the agreement, KrisEnergy has appointed Keppel as preferred contractor for a series of work and services including newbuilding, repair, conversion,...
April 6th, 20183China Navigation (CNCo), one of the most venerable names in Asian shipping, is very much in a phase of expansion, with the keen backing of its chairman, Barnaby Swire, the sixth generation at the helm of the famous family conglomerate.
Singapore-based CNCo is the oldest part of the Swire empire, a diverse group with interests in...
April 3rd, 20180Malaysian Bulk Carriers (Maybulk), controlled by tycoon Robert Kuok, has proposed to dispose of its entire 21.23% stake in loss-making Singapore-listed PACC Offshore Services Holdings (POSH) to shareholders of Maybulk. The stake is currently held by the company’s subsdiary Lightwell Shipping.
Maybulk said the proposed disposal will...
