August 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 two months and will see the FPSO PTSC Lam Son continue to work with PTSC until September 30. The value of the extension is around...
July 18th, 20190Singapore’s KS Drilling, part of KS Energies been awarded a contract extension for jackup rig . The jackup has been operating in Vietnam for a number of years, and the extension is worth around $5.6m. The company did not reveal the length of contract or the client, although the rig has worked for VietsovPetro in the past. KS...
June 21st, 20190The dire string of gantry crane collisions witnessed over the past two years continues with news from Vietnam where a Hapag-Lloyd boxship remains at anchor following a port smash 15 days ago. The 8,600 teu Nagoya Expresas was leaving Hai Phong International Gateway Port (HITC) in the north of Vietnam on the afternoon in stormy...
June 13th, 20190A court in Hanoi yesterday sentenced Vinashin's former chairman Nguyen Ngoc Su to 13 years in prison for "abuse of power or position to appropriate property” in the latest chapter in a sprawling corruption case that has rattled Vietnam’s top shipbuilding group. The state-owned giant's former general director Truong Van Tuyen,...
May 31st, 20190Vietnam's state-run shipping company Vinalines will regain control of Quy Nhon Port in the south of the country after it has paid VND415bn ($17.7m) to buy back a 75% stake in the port. Vinalines sold its 75% stake in the port to private minerals company Hop Thanh back in 2013. However, the government inspectorate ruled the deal...
May 23rd, 20190One of Vietnams fastest growing private owners, Haiphong-headquartered HTK Shipping, is linked to its first ship purchase of the year. The active buyer is revealed as the taker of the 2007-built, 37,000 dwt handysize bulker, , a ship first reported sold last week by Japanese owner Tokei Kaiun to Vietnamese interests for a price of...
April 24th, 20190Vietnam’s fastest growing owner and biggest handy specialist, Haiphong- based Tan Binh, continues to add ships, adding a third handysize bulker so far this year. Broker sources tell Splash that the outfit has added the 15-year-old, 28,000 dwt Japanese-built for just under $6m. The owner has timed the market well, adding most of...
April 9th, 20190Four former executives of state-run Vietnam Shipbuilding Industry Group (Vinashin), now Shipbuilding Industry Corporation (SBIC), have been charged by Vietnam's Supreme People’s Court for corruption activities. The accused four are Nguyen Ngoc Su former chairman of Vinashin's members' council, former general director Truong Van...
April 3rd, 20191One of Asia’s fastest growing handy specialists, Haiphong- based Tan Binh continues to add ships, taking two more secondhand ships so far this year. Brokers report that the Vietnamese handysize bulker player has snapped up the 33,700 dwt bulker (built 2006) from Japan’s Katayama Kisen for $8.4m. Four weeks ago Tan Binh was linked...
March 29th, 20190Japan Drilling Company has been awarded a drilling services contract for jackup rig on a subcontract with PetroVietnam. The contract, is scheduled to commence in October 2019, is for five firm wells with an additional one-well option. Estimated duration of the five wells is around 300 days. The rig will be operating offshore Vung...
