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...
February 20th, 20200Vietnam's state-owned Vietnam National Shipping Lines (Vinalines) has made plans to divest capital from a total of 13 member companies this year as it continues to streamline its business. Under the plan, the group will reduce its ownership in six businesses and divest all of its capital from seven others. Vinalines forecasted that...
January 17th, 20200Malaysian FPSO operator Yinson Holdings has secured another extension to the charter contract with Petrovietnam Technical Services Corp (PTSC) for operations at the Lam Son Field. The extension is for 45 days and will see the FPSO PTSC Lam Son continue to work with PTSC through to the end of February. The value of the extension is...
January 6th, 20200Malaysian FPSO operator Yinson Holdings has secured another extension to the charter contract with Petrovietnam Technical Services Corp (PTSC) for operations at the Lam Son Field. The extension is for for just 15 days and will see the FPSO PTSC Lam Son continue to work with PTSC through to January 15. The value of the extension is...
December 19th, 20190A Vietnamese ship captain was jailed for five and a half years yesterday for his involvement in stealing more than 8,000 tonnes of marine gas oil over a two-year period from a Shell refinery in Singapore. Doan Xuan Than pocketed up to $90,000 for his involvement in shipping $5.7m worth of fuel from Shell’s Pulau Bukom refinery on 10...
December 11th, 20190Japan Drilling Company has been awarded a four-well contract for jackup drilling rig for operations offshore Vung Tau, Vietnam. The contract is with an operator based on a subcontract with PetroVietnam Drilling & Well Services Corporation who secured an additional drilling contract from the operator. The contract is scheduled...
December 3rd, 20190Malaysian FPSO operator Yinson Holdings has secured another extension to the charter contract with Petrovietnam Technical Services Corp (PTSC) for operations at the Lam Son Field. The extension is for one month and will see the FPSO PTSC Lam Son continue to work with PTSC until December 31. The value of the extension is around...
October 21st, 20190The 660 teu feedermax containership capsized on the Long Tau River near Ho Chi Minh City of Vietnam on Saturday. The incident happened when the ship was sailing downstream from Ho Chi Min to Vung Tau with 290 containers onboard. The ship capsized and sank two hours after the crew found the ship started to list. All the 17...
October 1st, 20190Vietnamese company spend FGAS Petrol’s fleet upgrade shows no sign of slowing down. This week Hanoi-based FGAS Petrol has added its most modern ships to date, spending just under $33m on two seven-year-old chemical tankers from Malaysia’s MISC, adding the two 20,000 dwt s sister ships , and . The two ships will join a fleet of...
October 1st, 20190Malaysian FPSO operator Yinson Holdings has secured another extension to the charter contract with Petrovietnam Technical Services Corp (PTSC) for operations at the Lam Son Field. The extension is for one month and will see the FPSO PTSC Lam Son continue to work with PTSC until October 31. The value of the extension is around...
