May 23rd, 20190BW Offshore has announced a plan to establish its unit BW Energy as a separate E&P company and list the company on the Oslo Stock Exchange this year. The company will invite external investors into BW Energy to finance development of the recently acquired Maromba field offshore Brazil and value-enhancing investments at the Dussafu...
May 22nd, 20190Singapore-based offshore vessel operator Pacific Radiance has announced that its joint venture CA Offshore Investment has won an arbitration case against Shanghai Waigaoqiao Shipbuilding & Offshore, a subsidiary yard of CSSC, regarding shipbuilding contracts for two platform supply vessels. CA Offshore filed the arbitration at the...
May 20th, 20192Shipowners keen to get rid of their scrubber discharges in Southeast Asia’s largest port will need to fork out a sizeable sum. The Maritime and Port Authority (MPA) of Singapore has ruled that exhaust gas cleaning residues generated by ships have been classified as toxic industrial waste and as such the residues must be collected...
May 15th, 20194It has emerged that funds linked to Singapore’s sovereign wealth fund Temasek Holdings have come to the rescue of the island republic’s top containerline. Pacific International Lines (PIL), the 10th largest containerline in the world, has been under financial pressure for the last couple of years, forcing it to sell off assets....
May 15th, 20190Following its recently concluded takeover by BW Group, Epic Gas announced today that Charles Maltby has been replaced as chairman by Andreas Sohmen-Pao. Maltby, who has been with Epic since 2014, will remain as a board member and a CEO. In addition, Esben Poulsson, the head of the Singapore Shipping Association, has been appointed as an...
May 10th, 20190Singapore-headquartered Wilhelmsen Ship Management (WSM) has announced that it will be enforcing a new criteria in vendor selection that targets the use of plastic. The shipmanager says that both existing and new vendors supplying spare parts, stores and consumables will need to demonstrate that they have a viable plan to reduce...
May 9th, 20190Terminal operator PSA International and SATS, the chief ground-handler at Singapore Changi Airport, have today signed a Memorandum of Understanding (MOU) to provide cargo owners and logistics service providers with connectivity between the new Tuas megaport and the airport. “Combining sea and air connectivity services, the...
May 9th, 20193Singapore has successfully built itself into a maritime powerhouse through exploiting its strategic location within the old trade routes. Innovation and sound strategic planning by the city-state’s founding fathers helped entrench this position and made the maritime sector an important economic participant in world trade by connecting...
May 8th, 20197Once again market talk is picking up about a possible sale of Pacific International Lines (PIL), the world’s 10th largest container carrier. A spokesperson for the Singapore company controlled by the Teo family was forced to deny the line is being put up for sale in the wake of the lead story from Alphaliner’s weekly report...
May 8th, 20190Task Subsea’s subsea operation vessel is getting set for operations at the Anjung gas development project, offshore Sarawak, East Malaysia. The vessel went on hire to Shelf Subsea on May 1, and will head up critical shutdown work at the Petronas field. The shutdown activities and flowline installations are scheduled to take a...
