January 16th, 20200Dubai-headquartered offshore service provider Astro Offshore has agreed a deal with Singapore’s Ezion Holdings to acquire 2012-built AHTS vessel for $2.25m. Ezion says the sale of the vessel, which is worth $2.48m according to VesselsValue, will generate a gain of around $858,000 which will be used to repay debt. Ezion says the...
January 15th, 20200Singapore's Keppel Offshore & Marine, in partnership with Nanyang Technological University and the Agency for Science, Technology and Research (A*STAR), and Singapore Institute of Manufacturing Technology (SIMTech), has been awarded Lloyd’s Register (LR) Certification for its laser aided additive manufacturing system to produce...
January 13th, 20200A Chinese-led, Singapore-based maritime ecommerce platform has launched a free chartering feature. Marine Online, which already acts as a ship supply platform as well as offering bunkering, and ships for sale, has launched a chartering side of the business, which it says is like a taxi hailing app, linking cargo owners with available...
January 8th, 20200Navig8 Chemical Tankers, a unit of Navig8 Group, has declared the purchase option to acquire 2015-built 37,600 dwt MR tanker from Ocean Yield. According to Allied Shipbroking, Navig8 bought the Hyundai Mipo-built vessel back for $26.5m. Navig8 sold the vessel to Ocean Yield in 2015 for a price of $36.2m and entered into a charter...
January 8th, 20200John Giddens, the CEO of Tasik Toba Subsea, has described a $26.8m arbitration award from Fugro as a ‘victory for the little guy’ and further demanded that Fugro publicly apologises for statements made regarding the case. As reported by Splash yesterday, Fugro announced that an arbitration tribunal ruled that it should not have...
January 7th, 20200Vancouver-based shipping group Seaspan Corporation and Singapore's offshore marine group Swiber Holdings have reached an agreement to terminate a proposed $200m investment deal. According to Swiber, certain conditions precedent for the completion of the planned investment were not fulfilled before the December 31, 2019 deadline and no...
January 7th, 20200Italian bunker trader and supplier Fratelli Cosulich announced it has just added a sixth vessel to its fleet in the port of Singapore. “In the year of our 50th anniversary of bunker trade services, we are pleased to announce terrific news for our marine fuel business unit. Fratelli Cosulich Group has just concluded the acquisition...
January 7th, 20200Dutch offshore and seismic firm Fugro has been ordered to pay $26.8m to John Giddens-led Tasik Subsea in an arbitration over the early termination of the charter of subsea operation vessel . Fugro terminated the contract for the vessel in 2019, just 22 months into the six-year charter which had commenced in 2017. The vessel had been...
January 3rd, 20200Singapore offshore vessel operator Pacific Radiance has appointed James Pang and Anthony Pang to take over the key roles of the management team as part of its long term succession plan. James Pang, current managing director of commercial and business development, has been appointed as the acting CEO while Anthony Pang, current...
December 26th, 20190Singapore's Sembcorp Marine has clinched two offshore platform contracts worth over S$550m ($406m) that support redevelopment efforts at the Al Shaheen and Tyra fields in Qatar and Denmark respectively. Sembcorp Marine will fabricate two well-head platforms for North Oil Company. The contract, awarded under North Oil's Gallaf Batch 2...
