Latest News
Alam Maritim floating storage unit contract
31 December 2025
Kuala Lumpur: Alam Maritim (M) has won a contract worth over $9.5m from a Malaysia-based oil and gas company for the demobilisation of a floating storage facility.
The contract, worth $9.6m, commence...
Alam Maritim floating storage unit contract
31 December 2025
Kuala Lumpur: Alam Maritim (M) has won a contract worth over $9.5m from a Malaysia-based oil and gas company for the demobilisation of a floating storage facility.
The contract, worth $9.6m, commence...
Blue goes green
31 December 2025
My friend bought a Suzuki Hayabusa and riding atop this fastest production bike, he inched through suburban Mumbai traffic, stopping at the lights, in the admiring gaze of other bikers who were all on...
Not an expendable
31 December 2025
What makes one brand better than the other? Why do we select and decide one is more reliable than the other? Why do we associate something with quality or desirability? Questions which are inward driv...
EU carrot and no stick for the Philippines?
31 December 2025
The European Commission may not realise it but it's got a problem. Almost no one in Manila believes that the EU would withdraw recognition of Filipino seafarer certificates if the country doesn't addr...
PMSC checklist
31 December 2025
Private maritime security companies (PMSCs) exploded in numbers as the Somali threat hit world shipping three to four years ago.
There are plenty who have come very late to the private security cash...
On track
31 December 2025
Not a week goes by without a call for reduction in capacity or higher rates for container shipments. The fuel costs are not falling and the costs of compliance with new environmental regulations intro...
The shipping recovery that never arrived
31 December 2025
As we approach the middle of 2014, shipping’s economics remain stuck in the doldrums will little or no recovery in sight.
The surplus capacity of ships to cargoes requiring transportation has been ...
Trading places
31 December 2025
It was only a matter of time before Maersk EEE would lose its crown as “the biggest” container ship. Orders by China Shipping Container Lines and United Arab Shipping Co in the past couple of months h...
Bulk baby boom doom
31 December 2025
The bulk baby boom, that generation conceived in the frenzy of very easy credit and powered by ever-rising charter rates, was born against the backdrop of demand far outstripping supply. The name of t...
Offshore’s bright future
31 December 2025
Asia Shipping Media, the parent firm of this site, teamed up with Standard Chartered Bank to host an Offshore Business Breakfast on March 21 at the Fullerton Hotel in Singapore. Around 50% of the 44 p...
How to beat the pirates
31 December 2025
Piracy around the Malacca Straits is very much back in the news, with the United Nations saying the region has now surpassed West and East Africa to become the global hotspot for piracy. In particular...
Smoke and mirrors
31 December 2025
Despite ship transportation being considered as the most energy efficient mode of transport, it still represents a significant contribution to global emissions.
The sulphur content of marine fuels is...
Govt slashes fees for Batangas calls in bid to ease Manila congestion
31 December 2025
Manila: The government is offering incentives to get people to switch ports from Manila to Batangas, some 70 km south of the capital in a further bid to ease congestion in Manila.
The President alrea...
Handal Offshore wins Sarawak Shell crane deal
31 December 2025
Kuala Lumpur: Handal Offshore Services has won a contract to design, supply and deliver a pedestal crane for Sarawak Shell’s E6 field development project, off Sarawak, Malaysia.
The contract is worth...
Micaline deploys fourth chemical tanker for palm oil trade
31 December 2025
Kuala Lumpur: Micaline is to deploy its fourth chemical tanker early next year to transport crude palm oil (CPO) between Malaysia and China.
The new 7,000-DWT tanker will join Micaline’s fleet in the...
Mermaid Maritime charters in more vessels for sub-sea services
31 December 2025
Singapore: Singapore-listed Mermaid Maritime has chartered in three additional vessels over the past month in response to “strong demand” for sub-sea services.
An offshore sub-sea construction vessel...
Micaline incorporates Bayshore Shipping Services in Singapore
31 December 2025
Kuala Lumpur: Micaline, a subsidiary of Malaysia-listed Shin Yang Shipping Corporation (Syscorp), has incorporated Bayshore Shipping Services in Singapore.
Bayshore is engaged in shipbroking services...
More measures to ease port congestion in the Philippines
31 December 2025
Manila: The Philippine Ports Authority (PPA) is reshuffling berthing arrangements in order to ease port congestion in the country ahead of the Christmas season.
Vessels designated or arranged to call...
Mounting fines for goods clearance at Myanmar ports
31 December 2025
Singapore: Owners of containers, vehicles, heavy machinery and other goods kept at Myanmar’s ports will face increased fines next year if they fail to remove their goods in time.
The new fines scheme...
New Pacific Radiance OSV starts five-year charter
31 December 2025
Singapore: Pacific Radiance’s new offshore support vessel (OSV) has won a five-year contract worth more than $70m with a repeat client.
The OSV will be mobilised to southeast Asia under the contract,...
Thai oil spill hits mainland
31 December 2025
Bangkok: The PTT Global Chemical (PTTGC) oil spill may well be worse than originally feared. With authorities and PTTGC both claiming the accident had been cleaned up satellite images would suggest ot...
Otto Marine installs Garrick Stanley as new CEO
31 December 2025
Singapore: Otto Marine has announced to the Singapore Exchange (SGX) last night that Garrick Stanley has been installed as the new Group ceo.
Yaw Chee Siew will remain as executive chairman, with Sta...
APL Logistics hits the ignition on India car JV
31 December 2025
New Delhi: APL Logistics and VASCOR yesterday announced the formation of a joint venture focusing on the supply chain needs of the automotive sector in India.
The Delhi-based joint venture is called ...
Seafarer shot dead by pirates off Malaysia
31 December 2025
Singapore: A seafarer has died after being shot in the forehead when a tanker was hijacked off the coast of Malaysia on December 7.
Seven perpetrators with guns boarded the Vietnam-registered VP Asp...
Singapore authorities call for raised awareness of navigation safety
31 December 2025
Singapore: Following three recent collisions in Singapore waters, the Maritime and Port Authority of Singapore (MPA) is conducting investigations to determine the cause of each collision and if there ...
Star Borealis sells rights to damages from Pan Ocean
31 December 2025
Singapore: Star Borealis, a subsidiary of Star Bulk Carriers, has sold the rights to its adjudication claim for damages from Singapore-listed Pan Ocean to an unnamed third party.
Star Borealis filed ...
Vallianz buys Indonesian operator stake from Swiber
31 December 2025
Singapore: Vallianz Holdings has announced that is will be acquiring a 49% stake in Indonesia offshore vessel operator PT Swiber Berjaya for $17.5m.
Vallianz is buying the stake from Swiber Holdings ...
Sembcorp Marine waiting on money from Brazil
13 February 2015
Singapore: Sembcorp Marine is owed up to S$80m by Sete Brazil, Wong Weng Sun, Sembcorp president and chief executive, said yesterday.
A key part of Sembcorp Marine’s orderbook are the seven drillship...
Precious charts course to become debt free
2 February 2015
Bangkok: Precious Shipping has outlined its mid-term business plans in a note to the Bangkok bourse. While revealing its annual results, where it suffered a 2014 loss of $2.5m, Precious detailed what ...
Authorities nab pirates mid-hijacking
30 January 2015
Singapore: A hijacking of a chemical tanker in Malaysian waters has been halted.
The Sun Birdie (pictured) went missing on Wednesday. The owner lost communication with the vessel on Wednesday. The la...
Falcon Energy picks up small slice of CH Offshore
29 January 2015
Singapore: Falcon Energy's subsidiary Energian today purchased another 0.008% stake in CH Offshore (CHO), the offshore company that has so far rebuffed Falcon's buyout offer.
The 56,600 shares were p...
Tanjung Offshore suspends three execs with links to failed Bourbon deal
28 January 2015
Kuala Lumpur: Three members of Tanjung Offshore’s executive board have been suspended for alleged misconduct that could have contributed to the cancellation of Tanjung’s takeover of Bourbon Offshore A...
Coastguard training essential to tackle piracy in SE Asia
26 January 2015
Singapore: Effective training and mentoring for coastguards in southeast Asia is essential in order to have control over territorial waters and economic zones, maritime security company Maritime Asset...
Falcon Energy still serious about CH Offshore buyout
26 January 2015
Singapore: Falcon Energy is still interested in buying out offshore support service provider CH Offshore (CHO) and has extended the closing date of its offer by another two weeks, in spite of having i...
BH Global employee confirmed dead in China tugboat accident
20 January 2015
Singapore: BH Global Corporation has announced that an employee of its subsidiary, Z-Power Automation, was among the deceased in the recent incident where a tug boat sank during a sea trial off Jingji...
Malaysia and Oman eye shipbuilding investment in Bangladesh
16 January 2015
Kuala Lumpur: The Malaysian government and Omani investors have shown interests to invest in Bangladesh's shipbuilding sector. Delegates from the two countries showed interest in a tripartite meeting ...
Sembcorp Marine employees missing in Yangtze tug boat sinking
16 January 2015
Singapore: Singapore’s Sembcorp Marine has announced that its tug towing subsidiary, Jurong Marine Services, had three employees onboard a tug boat which sank during a sea trial on the Yangtze river o...
SE Asia now the world’s most active piracy region
14 January 2015
Singapore: Tanker hijacks in southeast Asia during 2014 have made it the world’s most active region for piracy and armed robbery incidents, the International Maritime Bureau says in its end-of-year fi...
Oil field off Palawan ready for drilling
12 January 2015
Manila: Thailand’s RMA West Linapacan is gearing up to redevelop the West Linapacan oil field after signing a contract with Transocean of Switzerland to drill an oil well off northwest Palawan.
RMA s...
Tanjung Offshore sets up independent committee after Bourbon deal fails
8 January 2015
Kuala Lumpur: Tanjung Offshore has set up an independent committee to “review and make recommendations on matters arising from recent media reports on the company”, the Malaysia-listed company said in...
Marco Polo Marine wins series of contracts
6 January 2015
Singapore: Offshore operator Marco Polo Marine has announced that the company has secured multiple contracts over the last two months, with both contracts secured with new clients, contracts being ren...
Keppel Shipyard to convert second FLNG unit for Golar
2 January 2015
Singapore: Keppel Shipyard has signed a $705m contract to convert a second Moss-type LNG carrier into a Floating Liquefaction Vessel (FLNGV) for Golar Gimi Corporation, a subsidiary of Golar LNG.
The...
Barge runs aground off Singapore
31 December 2014
Singapore: Salvors are working to free the Singapore-registered barge, POE Giant 12, that ran aground amid bad weather yesterday at Pedra Branca, Singapore.
The Maritime and Port Authority of Singapo...
China shipping line sets up logistics park JV in Thailand
31 December 2014
Bangkok: A new joint venture (JV) has been formed in Thailand to promote and develop logistics park services in the country.
The JV will be owned 49% by SITC Logistics, a subsidiary of privately owne...
Tanjung Offshore cancels Bourbon takeover deal
29 December 2014
Kuala Lumpur: Low oil prices have forced Malaysia-listed Tanjung Offshore to cancel its plans to take over Bourbon Far East, part of France-based Bourbon Offshore.
The two offshore and subsea support...
Damen to purchase Cam River Shipyard stake
18 December 2014
Ho Chi Minh：The Dutch shipbuilding company, Damen Shipyard Group, intends to buy at least a 70% stake of the Cam River Shipbuilding Company, a subsidiary of Shipbuilding Industry Corporation (SBIC), f...
Japan and Singapore collaborate on exhaust gas cleaning research
18 December 2014
Singapore: Japanese companies, Nippon Yusen Kabushiki Kaisha (NYK Line), Monohakobi Technology Institute, and ClassNK are now cooperating with Singapore-based Nanyang Technological University and Semb...
Nordic Maritime wins survey contract in Indonesia
17 December 2014
Singapore: Singapore-based offshore operator, Nordic Maritime, has been awarded a contract to provide 2D seismic survey work in Indonesia for MultiClient Geophysical (MCG).
This survey will be undert...
PPA warns further port congestion
17 December 2014
Manila: The Philippine Ports Authority (PPA) has urged importers to step up the pace of their container withdrawals at the two Manila ports, Manila International Container Terminal (MICT) and Manila S...
Sinwa announces Schellenberger replacement
17 December 2014
Singapore: Sinwa, one of Asia’s top ship chandlers, has appointed Alex van Zuijlen as group sales and marketing director.
Van Zuijlen previously worked for Sinwa as marketing director from 2003 to 20...
Tan Cang-Hiep Phuoc port opens
17 December 2014
Hanoi: Saigon Newport Corporation (SNP) has started operations at its brand new Tan Cang-Hiep Phuoc Port.
The port lies on the Soai Rap Estuary and is aimed at reducing congestion at Cat Lai port.
T...
Coastal Contracts incorporates new Singapore subsidiary
16 December 2014
Kuala Lumpur: Marine service provider Coastal Contracts has incorporated Coastal Drilling, a new subsidiary based in Singapore.
Coastal Drilling will principally be a ship/rig owner and will provide ...
Malaysia promotes maritime industry to neighbours
16 December 2014
Kuala Lumpur: A Malaysian delegation led by the Malaysia External Trade Development Corp (Matrade) and 10 Malaysian companies is on a specialised marketing mission for the maritime industry heading to...
Petronas comes aboard Pengerang LNG project
16 December 2014
Kuala Lumpur: Petronas has bought into Dialog’s Pengerang LNG (Two) project.
With the subscription of 780,000 ordinary shares of RM1.00 each for cash consideration of RM780,000 by Petronas, represent...
Philippines’ bunkering hub forced to relocate
16 December 2014
Manila: Ships calling the Philippines in need of bunkers will have to look for new sources come the middle of next year. A long running campaign to shift an old, crumbling oil complex from a crowded p...
Singapore-bound ex-cruise ship runs aground in Philippines
16 December 2014
Singapore: Preparations are being made to salvage a 23,000-tonne Panama-flagged cruise ship that ran aground off General Santos City, Philippines, on Friday, the Philippines Coast Guard (PCG) says.
T...
Brief respite for truckers in Manila
15 December 2014
Manila: In a brief pullback, authorities in Manila have allowed trucks to resume trips down Roxas Boulevard, one of the capital’s main thoroughfares. However, the respite will only last a few days.
T...
Dayang to work on Petronas Carigali project, offshore Malaysia
15 December 2014
Kuala Lumpur: Dayang Enterprise has won a RM280m ($80.1m) contract for the provision of major modification work for an offshore oil project for Petronas Carigali, the exploration and production (E&P) ...
Swiber scores West African field development contract
15 December 2014
Singapore: Offshore support firm Swiber Holdings has entered into the offshore oil and gas market in West Africa securing an award to provide Engineering, Procurement, Construction, Installation and C...
Thai shipping line drops Manila due to congestion
15 December 2014
Manila: Congestion at the Port of Manila, Philippines, has prompted Thailand-based Regional Container Lines (RCL) to drop the port from its RBC4 service.
The line will also cease from calling at Bata...
Vallianz lands Middle East contract
15 December 2014
Singapore: Offshore vessel owner Vallianz Holdings Limited has announced it has secured a time charter with one of the world’s largest national oil companies in the Middle East.
The $97m deal, which ...
Stolen palm oil tanker found, hijackers apprehended
28 November 2014
Jakarta: A palm oil carrier that was last month hijacked and stolen has been found in Thailand with its cargo intact.
Eight perpetrators onboard the vessel were also apprehended by Thai authorities. ...
Malaysian PM vows to study Sabah Port upgrade proposal
17 November 2014
Kuala Lumpur: Prime Minister Datuk Seri Najib Tun Razak has said his administration will look at Sabah’s proposal to ramp up infrastructure at Sabah Port to make it into Malaysia’s eastern transhipme...
Pacific Radiance secures $140m charter contract
17 November 2014
Singapore: Offshore vessel operator Pacific Radiance Ltd. has announced that is has secured a long term charter contract for one of its vessels ahead of its expected delivery in 2016/17.
The contrac...
GE to help build Petronas’s latest FLNG
14 November 2014
Kuala Lumpur: GE Oil & Gas will supply its gas turbine-driven compressor train and mechanical drive technology to Malaysia’s national oil and gas company, Petronas, for a second floating liquefied nat...
Hurdles in creation of single ASEAN shipping market
14 November 2014
Singapore: Maritime leaders reckon progress is being made in the creation of a single ASEAN shipping market – a key pillar in the establishment of the ASEAN Economic Community (AEC) – but believe ther...
Offshore engineering trio form Singapore consortium
13 November 2014
Singapore: Three companies have joined together to release a brand new concept to exploration and production service providers. The three companies are electrical system integration Alewijnse, quaysid...
Jasa Merin buys 2 anchor handling tug supply vessels
10 November 2014
Kuala Lumpur: Jasa Merin (Malaysia) has agreed to buy two anchor handling tug supply vessels from Muhibbah Marine Engineering for around RM219m ($65.8m).
The two 70-metre-long vessels are expected to...
Jasa Merin buys 2 anchor handling tug supply vessels
10 November 2014
Kuala Lumpur: Jasa Merin (Malaysia) has agreed to buy two anchor handling tug supply vessels from Muhibbah Marine Engineering for around RM219m ($65.8m).
The two 70-metre-long vessels are expected to...
Malaysia eyes slice of Singapore’s arbitration business
10 November 2014
Kuala Lumpur: Malaysia is looking to take a slice of arbitration business away from neighbour, Singapore. New premises for the Kuala Lumpur Regional Centre for Arbitration (KLRCA) have just been unvei...
Mining project off PNG moves ahead
10 November 2014
Toronto: Canada’s Nautilus Minerals has entered into an agreement for the charter of a vessel to be first deployed for use at the Solwara 1 project in Papua New Guinea.
Dubai’s Marine Assets Corporat...
OW Bunker files for bankruptcy
10 November 2014
Singapore: Reeling from a massive $125m fraud shock at its Singapore subsidiary Dynamic Oil Trading, Denmark’s OW Bunker has been forced to declare two bankruptcies. Moreover, OW Bunker has reported t...
Ship managers Bibby and United form JV for north Asia market
10 November 2014
Singapore: Bibby Ship Management and Singapore-based United Ship Management have formed Bibby-USM Shipping, a joint venture (JV) that will target the Chinese shipping market.
Bibby-USM Shipping will ...
Triyards issues warrants to Ezion for future subscription shares
10 November 2014
Singapore: Triyards Holdings is issuing 29.5m non-listed warrants to Singapore-listed Ezion Holdings for the sum of S$1.00 in cash, after the two companies signed a subscription agreement today.
Each...
$6bn to be spent on Indonesian ports
7 November 2014
Jakarta: The new Indonesian president, Joko Widodo, has earmarked close to $6bn in port spending. Five ports on the nation’s main islands will be expanded, coordinating minister for maritime affairs I...
IBIA launches mass flow meter course
7 November 2014
Singapore: The Maritime and Port Authority of Singapore (MPA) has accredited the International Bunker Industry’s (IBIA) new Mass Flow Meter training course. The course, which is next being held 17-18 ...
PDZ buys Kazakhstan gas asset
7 November 2014
Kuala Lumpur: Malaysia’s PDZ Holdings plans to diversify into the oil and gas sector has progressed. The group, which controls a local feeder line in Malaysia, has entered into a framework agreement w...
Vale inaugurates Malaysian terminal
7 November 2014
Kuala Lumpur: Brazilian miner Vale has inaugurated a $1.4bn transhipment terminal in Malaysia. The blending facility at Teluk Rubiah on the Malacca Strait was designed and built in reaction to a ban b...
Young Italian Shipowners visit Singapore
7 November 2014
Singapore: Over 90 guests attended a networking cocktail gathering earlier this week, organised by the Italian Club at Gaia Ristorante & Bar with the support of D’Amico group.
The event was held to h...
Petronas tipped to offload LNG carriers to MISC
6 November 2014
Kuala Lumpur: Speculation is growing that Malaysian energy conglomerate Petronas will shift four new LNG carriers to its subsidiary MISC.
CIMB Research said in a recent note considering Petronas’ ong...
Keppel Gas buys LNG from Petronas
5 November 2014
Singapore: Keppel Gas has entered into a framework agreement with Malaysia's Petronas LNG to purchase up to 1m tonnes of LNG per year, over 10 years.
The deal is conditional upon Keppel Gas obtaining...
Vietcombank sells Vinalines debt
5 November 2014
Hanoi: Vietcombank has sold off the $19m debt of Vietnam National Shipping Lines (Vinalines) to Vietnam Debt and Asset Trading Corporation (DATC).
Vinalines borrowed the loan from Vietcombank for a v...
Jas Marine orders drilling rig at Honghua Offshore
4 November 2014
Kuala Lumpur: Hong Kong-listed Honghua Group announced that its subsidiary Honghua Offshore has entered into a contract with a subsidiary of Malaysian offshore service provider, Jas Marine for the con...
MMHE secures two contracts worth RM350m
4 November 2014
Kuala Lumpur: Malaysia Marine and Heavy Engineering Holdings (MMHE) has secured contracts close to RM 350m which involves fabrication and other associated works for two exploration and production proj...
Jasper sells semi-sub to Alyar Offshore
3 November 2014
Singapore: Singapore-listed Jasper Investments announced that it has entered into a memorandum of agreement (MOA) with Alyar Offshore and Chinese shipyard Yiulian, for the sale of the converted accomm...
Malaysian pension fund tipped to buy stake in British port operator
3 November 2014
Kuala Lumpur: Malaysia’s Employees Provident Fund (EPF) has been tipped to buy a stake in one of the UK’s largest port operators, Associated British Ports Holdings plc (ABP), according to the Wall Str...
PPL Shipyard secures rig deal from BOT Lease
3 November 2014
Singapore: Sembcorp Marine announced that its subsidiary PPL Shipyard has secured a $240m contract to build a new jack-up drilling rig from BOT Lease Co. The contract comes after BOT Lease’s order of ...
Singapore deploys radar blimp in bid to track pirates
3 November 2014
Singapore: In a bid to counter rising regional maritime piracy as well as try to keep track of air traffic in the wake of the MH370 disaster, Singapore’s Ministry of Defence has announced plans to lau...
Another shipping exec jailed for fraud in Singapore
31 October 2014
Singapore: Kwok Han Ying, a former crewing executive for Vermont UM Shipping, was today sentenced to 32 months in jail for multiple offences including criminal breach of trust, forgery and cheating.
...
ClassNK looks at establishing marine renewable energy testing facility
31 October 2014
Singapore: Japanese classification society ClassNK is launching a feasibility study for a new marine renewable energy testing facility to be built in Singapore. The announcement was made at the 2014 A...
Direct Search Asia launches in Singapore
31 October 2014
Singapore: Last night over 100 executives from Singapore's maritime and offshore industry attended the launch of Asia’s newest recruitment firm Direct Search Asia.
The event was hosted by Direct Sear...
Floating tidal energy platform debuts
31 October 2014
Amsterdam: A group of offshore companies including Bluewater, Damen and Van Oord have joined together to realise a unique floating tidal energy platform which will be moored near Texel in the Waddenze...
Hanoi urges ports to up fees
31 October 2014
Hanoi: The government has stressed to local ports that fees are already too low and the ports should not feel pressurised by shipping lines to lower their charges further.
Vietnam’s ports are already...
Keppel FELS to build $240m KFELS Super B jack-up rig
31 October 2014
Singapore: BOT Lease Co (BOTL), part of The Bank of Tokyo-Mitsubishi, has ordered a KFELS Super B Class jack-up rig from Keppel FELS in a contract worth around $240m.
The rig – provisionally named Ha...
Lankayan Ventures sells stake in Westports Holdings
31 October 2014
Kuala Lumpur: Lankayan Ventures has sold its stake in Malaysia-listed container terminal operator Westports Holdings.
The subsidiary of Khazanah Nasional offloaded its stake in Westports on October 2...
Tonnage hunt for Straits Auto Logistics
31 October 2014
Selangor: The boss of Straits Auto Logistics, the roro player within Malaysia’s Giga Maritime Group, has told our sister site he is on the look out for further ships. The company took delivery of its ...
Chevron Indonesia signs up Technip for huge subsea contract
30 October 2014
Jakarta: Chevron Indonesia has awarded a “substantial” subsea contract to Technip for the supply of engineering and equipment to its Bangka Development, located in the Rapak PSC area, approximately 70...
Details emerge from fiery Malaysian collision
30 October 2014
Kuala Lumpur: Investigations continue in to a very high profile and fiery collision between two big boxships at Westports in Port Klang on Tuesday. Initial reports suggest the 8,700 teu San Felipe ves...
Indonesia must reduce logistical costs, says new minister
30 October 2014
Jakarta: Reducing Indonesia’s high logistics costs is one of the main goals of the country’s new Transportation Minister, Ignasius Jonan.
Jonan aims to bring costs down by increasing the number of ve...
NOL’s sale process of APL Logistics underway
30 October 2014
Singapore: Neptune Orient Lines is looking to raise as much as $1bn from the sale of its supply chain subsidiary, APL Logistics, according to a report from newswire Bloomberg. NOL has sent out sale do...
WSS appoints new Ships Agency Manager for Singapore
30 October 2014
Singapore: Wilhelmsen Ships Service (WSS) has appointed Jason Chin as Ships Agency Service Manager, Singapore.
Chin has over 15 years’ experience in the maritime and shipping industry, and will lead ...
Former Sembcorp Marine finance director jailed for accounts fraud
29 October 2014
Singapore: Sembcorp Marine’s former group finance director was today sentenced to 39 months in prison for falsifying the accounts of the group’s Jurong Shipyard.
Wee Sing Guan used the accounts to co...
KrisEnergy expects to double production
29 October 2014
Singapore: Singapore-based KrisEnergy expects its production to almost double to the equivalent of 15,000 barrels a day in 2015 from the current 8,000 barrels. The company expects that figure to reach...
Perdana Neptune sells offshore support vessel
29 October 2014
Kuala Lumpur: Perdana Neptune, a subsidiary of Malaysia-listed Perdana Petroleum, has sold an offshore support vessel (OSV) to Hauston Limited for RM 93.5m ($28.5m).
The sale is part of Perdana Neptu...
PVEP signs exploration MOU with ONGC
29 October 2014
Hanoi: Petrovietnam Exploration Production Corporation (PVEP), a wholly-owned subsidiary of Petrovietnam, has signed a Memorandum of Understanding (MOU) with India's Oil and Natural Gas Corporation Li...
Eni finds gas offshore Indonesia
28 October 2014
Jarkata: Italian oil and gas firm Eni has made an important gas finding in the Merakes exploration prospect, in the East Sepinggan Block, where it holds a 100% stake. The Block is located in the offsh...
Lundin Petroleum starts Kitabu exploration well in Malaysia
28 October 2014
Kula Lumpur: Lundin Petroleum has announced that it has commenced the Kitabu-1 exploration well in Block SB307/308, offshore Sabah, Malaysia.
Lundin Petroleum estimates the Kitabu prospect to have th...
Go Marine (Asia) to go into liquidation
27 October 2014
Singapore: A creditor of Go Offshore (Asia) (GOA), the Singapore-based subsidiary of the Go Marine group, has filed a winding-up application with the Singapore High Court to liquidate GOA.
The total ...
Indonesia has its first maritime minister
27 October 2014
Jakarta: Indonesia’s new government lineup has a firm focus on shipping with the appointment of Indroyono Susilo as the nation’s first ever coordinating maritime affairs minister.
“The office of the ...
Interpol called in to track down pirates
27 October 2014
Hanoi: Vietnamese investigators are to work with with Interpol to track down the pirates who attacked a Vietnamese oil tanker off Singapore this month.
Around $1.4m of gas oil was syphoned off the Su...
KrisEnergy takes FSO
27 October 2014
Singapore: KrisEnergy has chartered the Rubicon Vantage FSO vessel and a catenary anchor leg mooring (“CALM”) buoy for utilisation on the Wassana oil development in the G10/48 licence area in the Gulf...
Maersk doubles Manila congestion surcharge
27 October 2014
Manila: Citing extraordinary congestion in the Philippine capital Maersk Line announced Friday it is doubling its congestion surcharge for transpacific shipments calling at Manila. Starting in Novembe...
Ophir eyes Salamander Energy to tap into Southeast Asia
27 October 2014
Jarkata: Gas exploration company Ophir Energy is currently in negotiations to buy rival company Salamander Energy in a £275m bid.
Salamander Energy has primary business activities in Southeast Asia w...
Singapore poll launches
27 October 2014
Singapore: As SeaShip News readies its annual Singapore magazine today we launch a poll to identify some of the challenges the Lion City faces in its maritime sector. The poll takes two minutes to fil...
Tanjung Offshore Services and Drilltec Offshore form new drilling rig business
27 October 2014
Kuala Lumpur: Tanjung Offshore Services and Drilltec Offshore have entered into a joint-venture (JV) agreement to market and operate drilling rigs and provide ancillary services to Malaysia’s oil and ...
Funding sought for Phnom Penh port expansion
24 October 2014
Bangkok: Authorities are looking at ways to finance a new $20m terminal at Phnom Penh Autonomous Port which will double container handling capacity there to 300,000 teu when it opens in 2017.
The por...
Carimin Petroleum announces IPO on Bursa Malaysia exchange
23 October 2014
Kuala Lumpur: Malaysia-listed Carimin Petroleum has announced its initial public offering (IPO) of shares on the main market of Bursa Malaysia Securities.
The IPO has a tentative listing date of Nove...
M3nergy targets expansion
23 October 2014
Kuala Lumpur: Oil and gas exploration and production firm M3nergy has set its sights on oil fields in Vietnam, Indonesia and the Gulf of Mexico for expansion.
“We are looking at opportunities in Viet...
Myanmar seeking more offshore investments
23 October 2014
Bangkok: Myanmar will let international investors bid for 15 additional offshore oil exploration blocks by the end of next year, a move that comes after the earlier release of 40 blocks that have alre...
Nordic secures $70m charter
23 October 2014
Singapore: Nordic Maritime has announced a five-year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy.
“At Nordic Maritime, we are delighted to have wo...
Seroja-owned bulk carrier arrested
23 October 2014
Singapore: A bulk carrier owned by Seroja Zhushui 5 Shipping (SZ5SL), a joint-venture company of Singapore-listed Seroja Investments, was served with an arrest warrant by Conirma Marine (CM) on Tuesda...
New environmental protection law for shipbreaking in Vietnam
22 October 2014
Hanoi: Vietnam’s shipbreaking industry will have to comply with a revised Law on Environmental Protection from the start of next year as the country seeks to grow its vessel recycling sector.
As of J...
Sabah gets its first owned FPSO
22 October 2014
Kuala Lumpur: The Sabah State Government marked its venture into full scale oil and gas exploration and production with the naming of the Floating Production Storage and Offloading (FPSO) vessel opera...
Two die from rig fall
22 October 2014
Kuala Lumpur: Ensco has confirmed two oil rig workers were killed in an accident on Saturday onboard the Ensco 104 rig chartered to SapuraKencana off Malaysia.
The two workers were carrying out routi...
McDermott seals Indonesian contract
21 October 2014
Kuala Lumpur: McDermott International has won a transportation, installation and pre-commissioning contract from PC Ketapang II Ltd, a subsidiary of Petronas, for the Bukit Tua Development Project in ...
Atlantic Navigation provides 8 vessels for Qatar project
20 October 2014
Singapore: Atlantic Navigation Holdings (Singapore) has mobilised eight vessels to the marine spread of an existing client undertaking an infrastructure project in offshore Qatar.
Five vessels have b...
Atlantic Navigation provides 8 vessels for Qatar project
20 October 2014
Singapore: Atlantic Navigation Holdings (Singapore) has mobilised eight vessels to the marine spread of an existing client undertaking an infrastructure project in offshore Qatar.
Five vessels have b...
Taiwanese steel mill seeks permission to establish fleet in Vietnam
20 October 2014
Hanoi: A Taiwanese steel mill is seeking permission from Hanoi to establish a wholly owned shipping fleet in Vietnam. Formosa Iron and Steel has invested in two huge blast furnaces and will soon be ch...
integrum appoints Singapore maritime partner
17 October 2014
Singapore: integrum has appointed Azzurro Venture group as its Singapore partner for the maritime and offshore industries.
integrum specialises in QHSE and risk management system software and service...
Keppel Logistics expands in Australia with new subsidiary
17 October 2014
Singapore: Keppel Logistics has established Keppel Logistics (Australia), a new subsidiary company in Australia.
Keppel Logistics (Australia) manages a 10,000-m2 warehouse just outside Brisbane, whic...
MOL forms shipmanagement jv in Singapore
17 October 2014
Singapore: Japanese shipping major Mitsui OSK Lines has formed another shipmanagement company in Singapore. The company is a joint venture with Chennai-based Synergy Group. MOL Synergy has already sta...
Online poll stirs debate
17 October 2014
Singapore: The latest quarterly online poll for our sister title, Maritime CEO, has garnered more than 300 votes with just under a month to go before voting ends. Around 58% of respondents said there ...
Thailand to crack down on oil spills
17 October 2014
Bangkok: A bill imposing civil liabilities on shipowners who cause oil spills and damage the marine ecology was passed by the National Legislative Assembly (NLA) on Thursday.
The bill also requires b...
Trans-Asia Petroleum buys into Philippines oil field
17 October 2014
Singapore: Trans-Asia Petroleum, the oil and gas arm of Trans-Asia Oil and Energy Development, has signed agreements for the acquisition of a 10% stake in the Calauit oil field near Palawan, Philippin...
Weathernews forms ops centre in the Philippines
17 October 2014
Manila: Japan’s Weathernews has established a new operations centre in the Philippines.
The company officially kicked off operations for their voyage cost-optimising services this month from the new ...
Global Carriers could be delisted from KL exchange
16 October 2014
Kuala Lumpur: Malaysia-based Global Carriers faces being delisted and suspended from Bursa Malaysia Securities after failing to submit its regularisation plan for approval by the exchange holding comp...
Hanoi court rules Vinalines to pay $3m to Korean company
16 October 2014
Hanoi: The Hanoi People’s Court has upheld a decision made by the Vietnam International Arbitration Centre which asked troubled shipping giant Vinalines to pay $3m to Seoul-based SK Engineering and Co...
Neptune Orient may sell logistics business to improve finances
16 October 2014
Singapore: Singapore-based Neptune Orient Lines (NOL) may sell its logistics business to CJ Korea Express, South Korea’s biggest courier delivery company, in an effort to improve its finances.
CJ Kor...
Body of missing captain recovered after vessel collision
15 October 2014
Hanoi: The missing body of a fishing boat captain has been recovered after a four-day search.
Nguyen Van Thuong, 30, was found today, seven nautical miles from where his boat collided with the Malays...
Borromeo reelected as Intermanager president
15 October 2014
Singapore: Philippine national Gerardo Borromeo has been elected as president of InterManager for a second term and will serve as head of the global third party and in-house ship managers association ...
France mulls investment in Batam shipyard
15 October 2014
Jakarta: The administration of Batam, Indonesia, met on Monday with a delegation of French companies interested in investing in a shipyard on the island.
The delegation included representatives from ...
Manila on Ebola alert
15 October 2014
Manila: The Philippine government is taking measures to counter the risk of Ebola hitting the nation.
The Philippines is "vulnerable" to the threat of the deadly Ebola virus due to its migrant popula...
MOL Logistics establishes new warehousing firm in Indonesia
15 October 2014
Japan: MOL Logistics, part of major Japanese shipping line, Mitsui OSK Lines, has formed PT MOL Logistics Warehouse, a wholly owned subsidiary, in Jakarta.
“The company will… apply the dedicated cont...
SIBCON underway, minister vows bunkering changes
15 October 2014
Singapore: The Singapore International Bunkering Conference and Exhibition (SIBCON) got underway this morning with the republic’s minister for transport promising to up the nation’s bunkering credenti...
Hallin and DDW-PaxOcean close to agreement on new build cancellation
14 October 2014
Singapore: Hallin Marine, which was closed down last week by parent company Superior Energy Services, is close to reaching an agreement with DDW-PaxOcean over the cancellation of multi-service vessel ...
Haze thickens around Sumatra
14 October 2014
Jakarta: Authorities are warning ships travelling through Indonesia need to be highly vigilant as severe haze envelopes large parts of Sumatra.
The extreme pollution of the past fortnight has seen s...
Subic confident of more containerline calls
14 October 2014
Manila: Shipping lines are looking at linking Subic Bay with big ports in the region, local authorities claim.
The chairman of the Subic Bay Metropolitan Authority, Roberto Garcia, said Japan’s NYK w...
Triyards buys Strategic Marine yards in Singapore and Vietnam
14 October 2014
Singapore: Two subsidiaries of Singapore-based Triyards Holdings have entered into equity purchase agreements to acquire the entire issued share capital of Strategic Marine (S) and the charter capital...
Authorities investigate Vietnamese tanker incident
13 October 2014
Hanoi: Vietnamese police authorities are currently investigating the case of oil tanker Sunrise 689, which went missing earlier this month having been taken over by people carrying guns and knives who...
Dung Quat set for IPO
13 October 2014
Hanoi: Dung Quat Shipbuilding Industry Company is set for a listing in Vietnam as part of Hanoi’s drive to get state run conglomerates to equitise more of their businesses to make them more competitiv...
Sembcorp Marine’s Jurong Shipyard wins FPSO conversion deal
13 October 2014
Singapore: Sembcorp Marine has announce that Jurong Shipyard Pte has landed a contract to convert a shuttle tanker into an FPSO vessel for OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Od...
Vietnam cracking down on overweight containers
11 October 2014
Hanoi: Vietnam’s Ministry of Transport (MOT) has set up taskforces in the country’s ports to supervise cargo loading and prevent overweight containers for overland transportation.
The MOT says it pla...
ExxonMobil tapped to develop giant Vietnam gas field
10 October 2014
Hanoi: PetroVietnam is holding discussions with ExxonMobil over the development of one of the largest gas fields yet found off Vietnam. The Blue Whale gas field project is worth up to $10bn. It is loc...
Hallin Marine closes down
10 October 2014
Singapore: Sensationally proving that not every OSV venture is paved with gold, Hallin Marine has closed down. Just four years after Superior Energy Services bought the company from its founder, [John...
Stalled Dawei port project back on
10 October 2014
Bangkok: The on-off progress at the Myanmar Dawei deepsea port project is decidedly back on, following yesterday’s meeting between Thai prime minister General Prayut Chan-o-cha and Myanmar president T...
Swissco completes S$100m offering of fixed-rate notes
10 October 2014
Singapore: Swissco Holdings today issued S$100m in fixed-rate notes, which are expected to be issued on October 16.
The notes will mature on April 16, 2018 and will bear a fixed interest rate of 5.7%...
Two new Damen tugs to be built in Vietnam
10 October 2014
Singapore: Damen Shipyards has received orders from Seacontractors for two new Stan Tug workboats, which will be built in Vietnam.
The new tugs will be the first such vessels to feature Damen’s new 7...
ConocoPhillips starts production at Malaysia floating facility
9 October 2014
Kuala Lumpur: New York-listed ConocoPhillips has confirmed the start of oil production from the Gumusut-Kakap Floating Production Facility, located approximately 75 miles offshore Sabah, Malaysia.
Th...
Donggi Senoro to start LNG delivery in 2015
9 October 2014
Jakarta: Indonesia’s Donggi Senoro LNG is expected to deliver its first LNG cargo in mid-2015, about three months later than its previous target, a senior official of the company said.
Donggi Senoro ...
EMAS AMC wins $300m EPC contract for US Gulf oil projects
9 October 2014
Singapore: EMAS AMC, the subsea services division of Ezra Holdings, has finalised three contracts with Noble Energy, worth a combined $300m.
The scope of work includes engineering, procurement, const...
Mermaid ups stake in Subtech Saudi Arabia
9 October 2014
Bangkok: Mermaid Subsea Services (MSS), part of Thailand’s Mermaid Maritime Public Company, has increased its shareholding interest in Subtech Saudi Arabia from 70% to 95%.
This consolidation took th...
Missing Vietnamese tanker found
9 October 2014
Singapore: The ReCAAP Information Sharing Centre (ISC) has revealed that the Vietnamese product tanker, Sunrise 689, which went missing on October 3 having left Singapore the day before, has been loca...
Piracy incidents likely to rise
9 October 2014
Singapore: Piracy incidents in Southeast Asia continue to rise, with the exception of around Indonesia, and the final few months of this year could see a spike in incidents, according to the UK’s Drya...
POSH cancels Mexican tie up
9 October 2014
Singapore: PACC Offshore Services Holdings (POSH) has canned its planned Mexican tie up. The proposed acquisition, announced this July, by Grupo Pegaso of interests in POSH’s joint ventures in Mexico ...
Shipping Corp of India eyes more SE Asian routes
9 October 2014
Singapore: The Shipping Corporation of India (SCI) is looking to beef up container calls in Southeast Asia as part of India’s Look East policy.
India’s state-run shipping line is looking at boosting ...
Swissco signs triple charter for offshore support vessels
9 October 2014
Singapore: Swissco has secured chartering contracts worth a combined $17.3m for three offshore support vessels (OSVs) in the Middle East.
The two new workboats and one anchor-handling tug supply vess...
ICTSI prioritises Manila development
8 October 2014
Manila: International Container Terminal Services Inc (ICTSI) is reallocating $65m of this year's capital expenditures for the expansion of its facilities in Manila and Laguna in an urgent bid to help...
New bunkering magazine launches
8 October 2014
Singapore: Today sees the launch of a brand new title from SeaShip News, the leading Southeast Asia maritime portal. SeaShip News Singapore Bunkering 2014 magazine covers a vast range of issues relati...
Thai firm takes over Nido Petroleum
8 October 2014
Bangkok: A subsidiary of Thailand’s Bangchak Petroleum has completed the takeover of a majority interest in Nido Petroleum, an Australian oil and gas firm with its main operations in the Philippines.
...
Indonesian seafarers’ union joins Maritime International Federation
7 October 2014
Jakarta: Indonesia’s Seafarer Union, Kesatuan Pelaut Indonsia (KPI), has agreed to join the Maritime International Federation (MIF). The alliance was agreed today at a formative meeting in Kupang, Ind...
Indian authorities seek extradition of shipowner in Singapore
7 October 2014
Singapore: Indian authorities are seeking the extradition of a shipowner in Singapore.
India’s Crime Branch has written to a court in Singapore demanding the extradition of Kok Sitki, the owner of t...
Keppel yards receive orders for new FPSO and barge builds
7 October 2014
Singapore: Keppel Shipyard and Keppel Nantong Shipyard, both part of Keppel Offshore & Marine, have secured contracts worth a total of S$153 million for the construction of two new vessels.
In China,...
Pacific Radiance forms another JV
7 October 2014
Singapore: Pacific Radiance has entered into a 50:50 joint venture with Daiho Energy Services to co-own the share capital of SDM Marine. The principal activity of SDM is in the owning, chartering and ...
Port fees rise in Thailand
7 October 2014
Bangkok: The Port Authority of Thailand is raising rates at its principle two ports, Bangkok and Laem Chabang. An extra fuel surcharge has been levied for container services and tugboat usage. The sur...
FSL Trust CFO quits
6 October 2014
Singapore: Just three months since he took the job, Philip Tan, 51, is stepping down as chief financial officer at Singapore’s FSL Trust Management.
Tan was responsible for the oversight of financial...
Shipping Corp of India eyes Singapore for LNG shipping base
6 October 2014
Singapore: Shipping Corporation of India (SCI), the state run shipping giant, and Indian energy conglomerate GAIL are looking to form a joint venture, whereby GAIL will spend $3bn on LNG ships which S...
Vietnamese tanker disappears
6 October 2014
Singapore: An oil tanker carrying 18 crew and 5,226 tons of oil products has disappeared while underway from Singapore to central Vietnam.
The Vietnam-owned _Sunrise 689_ (5,000 DWT, built 2012) went...
GAC Marine Logistics relocates HQ to Singapore
3 October 2014
Singapore: Ship spares logistics specialist GAC Marine Logistics (GML) has relocated its head office from Dubai to Singapore.
“Our customer base in places like Singapore, Hong Kong, South Korea and J...
Japan still keen on Dawei
3 October 2014
Bangkok: The on-off, much stalled Dawei deepwater port project has received a much needed boost with the Japanese government reiterating its keenness to be involved in the Myanmar project.
A Japanes...
Myanmar cracks down on ship pollution
3 October 2014
Bangkok: Myanmar is ready to crack down on polluting ships. An update to the Merchant Shipping Act with clauses to tackle pollution from ships is on the attorney general’s desk ahead of its formal sub...
PTT eyes Myanmar LNG terminal
3 October 2014
Bangkok: Thailand’s top energy player PTT is conducting a feasibility study into building an LNG distribution/receiving terminal with an annual capacity of 5m tonnes in Myanmar, with a view to onward ...
$5bn investment into Philippines’ oil sector
2 October 2014
Manila: A Dubai firm is investing billions in the Philippines in a bid to develop the archipelago as an oil distribution hub for the ASEAN region.
Kampac Oil Middle East, a subsidiary of Kampac Inte...
ASL issues notes
2 October 2014
Singapore: ASL Marine Holdings yesterday issued S$50m in principal amount of 5.35% notes due 2018 as part of the company’s S$500m multicurrency debt issuance programme. Oversea-Chinese Banking Corpora...
KrisEnergy promises to ‘launch Cambodia as an oil producing nation’
2 October 2014
Singapore: KrisEnergy, an independent upstream oil and gas company, has completed the acquisition of Chevron Overseas Petroleum (Cambodia) Limited (COPCL).
COPCL holds a 30% working interest in and o...
Manila vows to root out corruption at nation’s ports
2 October 2014
Manila: In trying to solve Manila port’s congestion issues the government has uncovered vast and varied levels of corruption and has vowed a crackdown
Cabinet Secretary Rene Almendras, who heads the...
Swissco adds four more rigs
2 October 2014
Singapore: SGX Mainboard-listed Swissco Holdings has completed the acquisition of four additional mobile offshore drilling units, bringing the fleet of rigs to eight. The rigs have up to two-year cont...
TTA’s diversification sees it enter China’s F&B; sector
2 October 2014
Bangkok: Thoresen Thai Agencies (TTA) continues to diversify its earnings base amid a protracted dry bulk downturn.
TTA announced yesterday its entrance into China’s fast-growing food and beverage s...
Two ships detained in Malaysia after suspected illegal bunkering transfer
2 October 2014
Kuala Lumpur: A cargo ship and a fishing boat have been detained by the Malaysian Maritime Enforcement Agency (MMEA) on suspicion of involvement in the illegal sale and transfer of subsidised diesel. ...
Berge Bulk secures Japanese financing
1 October 2014
Singapore: The Japan Bank for International Cooperation has signed buyer's credit agreements for funding the purchase of two bulk carriers with Singapore-based Berge Bulk. These loans are cofinanced ...
ICTSI speeds up construction at home
1 October 2014
Manila: International Container Terminal Services Inc (ICTSI) is speeding up the construction of new facilities in Manila and Laguna to help try and decongest the ports in the Philippine capital.
New...
Trucking ruling creates delays at Vietnamese ports
1 October 2014
Hanoi: New regulations on vehicle loading capacities are seeing long delays in and out of many of Vietnam’s ports with Cat Lai suffering some of the worst queues.
Trucks are being thoroughly checked...
Two top journalists join Asia Shipping Media
1 October 2014
Singapore: Asia Shipping Media (ASM), the publishers of this title and five others around the world, announced today the hiring of a couple of top journalists to its roster of writers. Holly Birkett, ...
Vallianz buys offshore HR firm
1 October 2014
Singapore: OSV firm Vallianz Holdings is acquiring OER Holdings for $27.7m.
Headquartered in Singapore, OER is a provider of manpower services to the offshore industry and has been supplying professi...
Bali gets LNG terminal
30 September 2014
Jakarta: State-run electricity firm PT Perusahaan Listrik Negara (PLN), oil and gas giant PT Pertamina and port operator PT Pelabuhan Indonesia III (Pelindo III) are coming together to build a liquefi...
CSSC sets up offshore arm in Singapore
30 September 2014
Hong Kong: CSSC (Hong Kong) Shipping, a shipowning unit of China's shipbuilding conglomerate China State Shipbuilding Corporation (CSSC), has set up an offshore engineering subsidiary in Singapore to ...
How to solve Manila’s congestion issues
30 September 2014
Manila: A report just released compiled by Manila’s leading terminal operators plus transport-related associations has called for a moratorium on the truck ban to avoid repeating the port congestion t...
Ostenfeldt quits Thome to take Nordic Tankers role
30 September 2014
Singapore: A prominent shipmanager in Singapore has been poached by Nordic Tankers, one of the world's largest operators of small- and medium-sized chemical tankers.
On January 1, 2015 [Carsten Brix ...
Poulsson joins FSL board
30 September 2014
Singapore: The ever-expanding wallet of [Esben Poulsson](http://www.maritime-ceo.com/News/Enesel-Singapore:-Boxships-delivering/3w3c204.html) to accommodate his myriad business cards continues to wide...
Samsung Heavy closes in on SE Asian yard investment
30 September 2014
Seoul: As has long been reported on this site, Samsung Heavy Industries is expected to announce an overseas yard soon, with three Southeast Asian yards vying for the Korean’s favour.
The conglomerate...
Ezion developing Australian terminal
29 September 2014
Singapore: Ezion Holdings has entered into a memorandum of understanding with a large multinational fuel trading and distribution company for the potential storage and distribution of fuel on Port Mel...
Groundbreaking for new Vietnam terminal
29 September 2014
Hanoi: A groundbreaking ceremony for a new $9.4m terminal has been held in the Go Dau Port area in Long Thanh district, located in the southern province of Dong Nai.
Due to start operations in Septem...
Nam Cheong invests in Marco Polo’s BBR
29 September 2014
Singapore: Malaysian offshore giant Nam Cheong has entered into a binding Heads Of Agreement with Marco Polo Marine to buy into its Indonesian indirect subsidiary, PT Pelayaran Nasional Bina Buana Ray...
Nam Cheong invests in Marco Polo’s BBR
29 September 2014
Singapore: Malaysian offshore giant Nam Cheong has entered into a binding Heads Of Agreement with Marco Polo Marine to buy into its Indonesian indirect subsidiary, PT Pelayaran Nasional Bina Buana Ray...
Singapore targets shipping insurance and finance
29 September 2014
Singapore: Ensuring Singapore has every facet of maritime licked, Patrick Phoon, president of the Singapore Shipping Association (SSA), vowed Friday to bolster the republic’s finance and insurance sec...
Star Bulk to open Singapore chartering office
26 September 2014
Singapore: Star Bulk Carriers Corp, the leading name in shipping’s ongoing phase of consolidation, is set to open up a chartering office in the Lion Republic, the company’s chairman, Spyros Capralos h...
THHE in private placement move
26 September 2014
Kuala Lumpur: Taking advantage of the significant interest in Malaysia’s oil and gas scene, TH Heavy Engineering (THHE) is undertaking a private placement of up to 10% of the issued and paid-up share ...
SMOE secures LNG process modules assembly contract
24 September 2014
Singapore: Sembcorp Marine’s wholly-owned subsidiary SMOE has secured a contract with Bechtel for the fabrication of liquefied natural gas processing modules for a resource project in Western Australi...
Centra Oil folds
19 September 2014
Singapore: Singapore’s heavily regulated bunkering industry continues to contract in terms of the number of players. Centra Oil is the latest to exit the scene.
Centra Oil was a physical supplier in ...
Kumiai orders at NACKS
19 September 2014
Singapore: Singapore-based Kumiai Navigation, a subsidiary of Japanese owner Kumiai Senpaku, has ordered two newcastlemax bulkers at Nantong Cosco KHI Ship Engineering (NACKS). The 209,000 dwt vessels...
UMV seals rig deal with Frontier
19 September 2014
Kuala Lumpur: Malaysia’s UMW Oil & Gas has inked a $20m rig contract with Frontier Oil Corp, which will use the former's UMW Naga 7 jack-up rig for its drilling operations in Calauit field, the Philip...
Kuantan port gets closer to China
16 September 2014
Shanghai: China has signed an agreement with Malaysia to establish a sister port partnership between two major shipping cities.
Under the agreement, China’s Qinzhou Port has become a sister port of ...
Singapore crackdown on illegal fuel sales
16 September 2014
Singapore: Singapore continues to crack down on illegal bunkering sales.
The Police Coast Guard (PCG) has rumbled seven groups for illegal sales of marine gas oil since last year.
A total of 55 fore...
Swissco buys first liftboat
16 September 2014
Singapore: Offshore marine firm Swissco Holdings has bought its first liftboat for $56m. The ship is now being built at Southeast Asian firm Triyards for delivery in two years.
Alex Yeo, group ceo of...
ExxonMobil starts operations at Tapis field
15 September 2014
Kuala Lumpur: ExxonMobil subsidiary, ExxonMobil Exploration and Production Malaysia Inc, has started operations at Malaysia's first large-scale enhanced oil recovery (EOR) project at Tapis.
"This pro...
Singapore owner behind giant BWMS order
15 September 2014
Singapore: Wärtsilä has won the biggest ever single owner order for Ballast Water Management Systems.
A total of 22 bulk carriers, being built by Yangzhou Guoyu Shipbuilding Co. Ltd in China for Si...
Miclyn Express Offshore wins Chevron contract
12 September 2014
Singapore: Singapore-headquartered Miclyn Express Offshore (MEO) announced that it has been awarded three contracts to provide anchor handling tug supply (AHTS) services to Chevron in the Gulf of Thai...
Ranong Port set for development
12 September 2014
Bangkok: The Port Authority of Thailand (PAT) is looking to build a dry port in Bangkok as part of its strategic plan for Ranong Port's expansion
"We expect to ride on the Asean Economic Community by...
Sembcorp Marine acquires SSP Offshore
11 September 2014
Singapore: Sembcorp Marine announced that its wholly-owned subsidiary Jurong Shipyard has signed a sales and purchase agreement with SSP Offshore to acquire all its business assets for $21m.
SSP Offs...
Sembcorp Marine invests in new facility for Tuas yard
11 September 2014
Singapore: Sembcorp Marine announced that it will invest in a multi-functional steel fabrication facility which will significantly enhance automation and productivity at its offshore rig building, con...
DHT Holdings acquires Samco Shipholding
10 September 2014
Singapore: New York-listed DHT Holdings announced that it has entered into an agreement to buy all the outstanding shares in Singaporean firm Samco Shipholding for $317m.
Samco owns and operates a fl...
Semco Maritime Singapore scores new business in Korea and China
10 September 2014
Singapore: Following the acquisition of fire & safety contractor Inmaco, Singapore-based Semco Maritime is now entering into the markets for telecom, firefighting and safety solutions for rigs.
In So...
UMV receives new rig contract in Vietnam
10 September 2014
Kuala Lumpur: Malaysia’s UMV Oil & Gas announced that it has received a contract from Petrovietnam Drilling & Well Services for the provision of a jack-up rig to be used by PC Vietnam and Petronas.
T...
Pacific Radiance forms joint venture with DOT Holdings
9 September 2014
Singapore: Singapore-listed Pacific Radiance announced that its indirect subsidiary, Radiance Offshore Holdings has entered into a joint venture agreement with Norway’s DOT Holdings.
Under the ag...
Swiber’s dim sum move
9 September 2014
Singapore: Swiber Holdings has gone down the dim sum route in its latest capital raising exercise.
It has priced RMB450m in principal amount of 7.75% fixed rate notes due 2017.
Net proceeds ...
KrisEnergy starts seismic exploration of Sakti block
8 September 2014
Singapore: KrisEnergy reported that the Nordic Bahari vessel has commenced acquisition of 1,200 km 2D seismic data in the Sakti production sharing contract (PSC) offshore East Java. The acquisition pr...
Subic and Batangas to become extension ports of Manila
8 September 2014
Manila: Like budget airlines that claim to call at major cities but in fact touch down on runways in fields in the middle of nowhere, shippers now face confusion when sending goods to the Philippines ...
Thai government approves Pak Bara port development
8 September 2014
**Bangkok: Not for the first time Thai authorities are looking at building a potentially hugely significant port at Pak Bara. The port on the Andaman Sea could cut transit times from Asia to Europe. T...
Bumi Armada raises RM1.5bn
5 September 2014
Kuala Lumpur: Bumi Armada Capital Malaysia, a wholly-owned subsidiary of Bumi Armada, yesterday successfully made its issuance of Sukuk Murabahah under the Sukuk Programme. The Sukuk Murabahah issued ...
Corrupt customs officials rumbled at Port Klang Free Zone
5 September 2014
Kuala Lumpur: A giant corruption scandal involving some 24 people including 12 civil servants at Port Klang Free Zone (PKFZ) has been rumbled. The syndicate has cost the government up to RM4bn in lost...
Philippines toys with banning mineral ore exports
5 September 2014
Manila: Moves are afoot for the Philippines to follow Indonesia’s lead and ban mineral ore exports.
The environment secretary has backed a proposal made last month by Senator Paolo Benigno Aquino tha...
EOC launches Singapore IPO
4 September 2014
Singapore: EOC Limited set the price range for its secondary listing in Singapore on Wednesday, with up to 210 million shares available priced in the range of S$1.02 to S$1.21.
The company has al...
Lundin awards maintenance contract to Barakah Offshore Petroleum
4 September 2014
Kuala Lumpur: Barakah Offshore Petroleum’s wholly-owned subsidiary company, PBJV Group, has entered into an agreement with Lundin Malaysia for the provision of hook-up, commissioning and topside major...
Singapore to climb into fifth spot on the global tanker league
4 September 2014
London: A recent report fro UK broker Clarkson shows that Singapore is rapidly rising up the ranks in the crude and product tanker owner stakes. While Greece tops the league with nearly 25% of all tan...
BW launches $200m bonds issuance
3 September 2014
Singapore: BW Group is launching an offering of senior secured bonds due 2019 exchangeable into common shares of BW LPG with a base size of $200m, which may be increased up to a maximum of $250m.
Th...
Johor oil storage tank for sale
3 September 2014
Kuala Lumpur: Malaysia's Tanjung Langsat Port is looking to sell its 100,000 cu m storage tank terminal in the southern state of Johor, Reuters reports.
The terminal could be sold with a 15 ha adjace...
More routes planned connecting Mindanao with southern neighbours
3 September 2014
Manila: More shipping routes are set to open in the coming couple of years between Mindanao in the far south of the Philippines and other parts of the Brunei, Indonesia, Malaysia, Philippines-East ASE...
NYK shifts box stowage centre from Singapore
3 September 2014
Tokyo: In a rare retrenchment of business out of Singapore back home to Japan, NYK is changing tack on its container stowage plans.
NYK and Kozo Keikaku Engineering have established a stowage plannin...
Inpex cuts stake in Malaysian offshore block
2 September 2014
Kuala Lumpur: Japan's Inpex has agreed to sell a 25% stake in the deep water Block S in offshore Malaysia to Australian oil and gas producer Santos, reducing Inpex’s stake in the block to 50%. Petrona...
New cases for Bunker Detective as Singapore office opens
2 September 2014
Singapore: Canadian marine surveying organisation Bunker Detectives has formed a subsidiary in Singapore.
"Establishing this office in the world's busiest bunkering port has been a really important m...
New port agency launches in Singapore
2 September 2014
Singapore: A new shipping agency, Wave Shipping, has launched in Singapore.
Lars Rosenkrands, founder and ceo of Wave Shipping, said: "We are making a bold promise; to bring change to an industry tha...
V.Group acquires Core-IRM
2 September 2014
Singapore: V.Group has concluded the acquisition of Core-IRM, a Singapore-based offshore IRM (inspection, repairs and maintenance) services provider.
Announcing the acquisition, [Clive Richardson](...
Blast kills three, injures 18 at Batam yard
1 September 2014
Jakarta: Investigations continue into the shipyard accident on Friday evening that claimed the lives of three workers. Three men died at PT Bandar Abadi shipyard on Batam when when a ship that was bei...
Boxes piling up at Haiphong
1 September 2014
Hanoi: Boxes are piling up at Vietnam’s top northern port, Haiphong, following the Ministry of Transport’s efforts to regulate truck-loading procedures, as of April 1.
Statistics released by the Haip...
Calls to improve the lives of Vietnamese seafarers
1 September 2014
Hanoi: Hanoi must do more to make a career at sea an attractive job proposition, local shipowners have urged, amid plenty of horror stories of stranded, starving crew from bankrupt Vietnamese shipping...
SapuraKencana finds more gas off Sarawak
1 September 2014
Kuala Lumpur: SapuraKencana Petroleum has announced that subsidiary, SapuraKencana Energy Sarawak, has made a gas discovery from Bakong-1, the fifth and final well in its 2014 drilling campaign within...
Shippers given one week to shift their customs-cleared boxes from Manila
1 September 2014
Manila: Shippers have one week to shift their overstaying boxes at terminals in Manila, according to the latest edict from the Philippine Ports Authority (PPA).
PPA general manager Juan Sta. Ana said...
Bunkering poll makes clear the huge challenges facing shipping
29 August 2014
Singapore: The future of bunkering will remain very challenging for shipowners, early results from a poll carried out by this site show. With SeaShip News debuting a bunkering magazine in time for thi...
Container storage fees hiked in Manila in bid to shift empties
29 August 2014
Manila: A further 1,154 empty containers were shipped out of Manila to Subic yesterday onboard the MV Asterix as efforts to decongest the Port of Manila ahead of the peak season continued.
The ship w...
Petronas heads to Argentina on shale hunt
29 August 2014
Kuala Lumpur: YPF and Petronas, state-controlled companies from Argentina and Malaysia, signed a $550m accord to develop shale oil at the world’s fourth-largest deposit in Vaca Muerta, with a view to ...
Thai tanker attacked off Malaysia
29 August 2014
Kuala Lumpur: Armed pirates boarded a Thai tanker off Malaysia's east coast and pumped out its cargo of oil.
The incident took place Thursday near the Malaysian resort island Tioman in the South Chi...
New Vietnamese oilfield
28 August 2014
Hanoi: Japan’s Idemitsu Kosan has struck oil at its fourth oil-well at plot 05-1b and 05-1c offshore southern Vietnam.
The company said the oilfield was first identified through testing carried out i...
Container management system launched
27 August 2014
Singapore: A Container Management System (CMS) for the container logistics and transport industry, allowing transport operators real-time updates on container depots, was launched yesterday.
Powe...
Petronas could overhaul Qatar in flexible LNG
27 August 2014
Kuala Lumpur : Consultants Wood Mackenzie reckon that by 2020, Malaysia has the potential to be the largest supplier of flexible LNG to the global market, larger even than Qatar. The supply capacity o...
SBI Offshore in negotiations to build five jack-up rigs
27 August 2014
Singapore: SBI Offshore announced that it has commenced discussions with an unspecified Middle East-Chinese consortium to build up to five jack-up drilling rigs.
SBI Offshore has already secured a $2...
Shell’s successful Malaysian exploration
27 August 2014
Kuala Lumpur: Shell has announced further exploration success in Malaysia with another gas discovery at the Shell-operated deepwater Marjoram-1 well.
“Our strategy to expand our heartland areas t...
Otto orders four PSVs in China
26 August 2014
Singapore: Singapore OSV operator Otto Marine has ordered a series of Ulstein designed PX121 PSVs at China’s Wuchang Shipbuilding. Deliveries of the PSV quartet are scheduled for 2016 and the contract...
Otto wins Australian charter contracts
26 August 2014
Singapore: Offshore shipbuilder and operator Otto Marine announce that it has secured time charter contracts for deep water anchor handlers, GO Sirius and Go Spcia, with two oil majors worth AUD57m.
...
Additional lanes given to trucks in Manila
25 August 2014
Manila: Additional lanes have been given to cargo following the requests of the Philippine Ports Authority (PPA), as part of continuing efforts to decongest Manila’s ports. The additional truck lane, ...
Aztech buys Glenn Marine yard
25 August 2014
Singapore: Aztech Group has acquired a 100% stake in Glenn Marine Logistics Base, for S$11m.
Glenn Marine, which is involved in the repair of ships, vessels, and tugs as well as marine logistic servi...
Keppel offloads interest in Vietnam drilling venture
25 August 2014
Singapore: Keppel Corporation has announced that its wholly-owned subsidiary, Joy Pride Investments, has disposed of its 35% shareholding interest PV Drilling Overseas Company (PVDO) to PetroVietnam D...
Latest Maritime CEO magazine contains the thoughts of 24 owners
25 August 2014
Singapore: The latest issue of Maritime CEO magazine, a sister title to this site, goes live online today. On the cover is the elusive, mercurial Nobu Su, who runs Taiwan’s Today Makes Tomorrow (TMT),...
Singapore networking evening a hit
25 August 2014
Singapore: After a one year hiatus, the Singapore Marine Network evening returned last night, organised by Mohit Batra.
The event which was sponsored by V.Ships, Transas Marine, Wartsila, Shipowners...
Authorities claim progress in beating Manila congestion
22 August 2014
Manila: Philippine authorities are confident that they are now in control of the congestion issue that has crippled trade in and out of the capital for much of the past six weeks. This weekend another...
Container depot opens at Clark to help ease Manila congestion
20 August 2014
Manila: A three-hectare container depot has opened at Clark Freeport to decongest the Port of Manila.
“This is the first container yard ever in an eco-zone, and this is the first time in the history ...
Ezra shareholders approves EOC and EMAS merger plan
20 August 2014
Singapore: Ezra Holdings has announced that its shareholders have given the green light to a proposed consolidation of its offshore support services division, EMAS Marine, with its associated company ...
Arriba! Swiber switching five ships to the Mexican flag
19 August 2014
Singapore: Swiber Holdings will be flying the Mexican flag on five of its fleet of vessels in Mexico.
The Swiber Concorde, a derrick pipelay barge, will be the first among the Swiber Group’s five ves...
20,000 workers hit by Manila’s port congestion
14 August 2014
Manila: The congestion at Manila’s two ports are responsible for around 20,000 workers being temporarily laid off work, or having their hours seriously cut at special economic zones, according to offi...
EOC gets go ahead for Singapore secondary listing
14 August 2014
Singapore: Ezra Holdings has provided an update on the proposed public offering of new shares and a secondary listing and quotation of all the shares of subsidiary EOC on the Main Board of the Singapo...
Globmariner Offshore wins Sarawak EPCIC job
12 August 2014
Kuala Lumpur: Globmariner Offshore Services, an associated company of Goh Ban Huat, has won a contract from TH Heavy Engineering for the provision of technical expertise and manpower for the EPCIC wor...
Jakarta greenlights Inpex’s FLNG project
12 August 2014
Jakarta: Japan’s Inpex Corporation has received an environmental permit from the government of Indonesia based on the Environmental and Social Impact Assessment of the Abadi LNG Project, which is curr...
Land freed up across Manila to handle box congestion
11 August 2014
Manila: Containers are beginning to stack up all over the capital of the Philippines as authorities try and handle the port congestion issue.
To ease the congestion, customs-cleared overstaying cargo...
Tanjung Offshore eyes return to marine business
8 August 2014
Kuala Lumpur: Tanjung Offshore, which exited the marine business in 2012, is eyeing a return to the sector.
Currently Tangjung Offshore mainly offers engineering packages, product services and mainte...
Senators probe congestion issue
7 August 2014
Manila: The nation’s senators are joining the throng of people protesting congestion at Philippine ports.
Senator Paolo Aquino who chairs the senate committee of trade and commerce and entrepreneursh...
75,000 boxes still waiting to be claimed in Manila
5 August 2014
Manila: The Bureau of Customs says there are still some 75,000 containers to be claimed at the Manila International Container Port and the Port of Manila, as the congestion saga at the capital’s ports...
BP’s Indonesia LNG expansion project makes progress
5 August 2014
Jakarta: Indonesia’s Ministry of Environment has approved the environmental and social impact assessment for BP’s $12bn Tangguh LNG expansion project.
The project, which is located in Teluk Bintuni, ...
Maybank’s glowing offshore approval
4 August 2014
Kuala Lumpur: Maybank Investment Bank Research is bullish on prospects for offshore operators in the region.
In an oil and gas report out today, the research house said Perdana Petroleum and Singapor...
Future of Bunkering Poll launches
31 July 2014
Singapore: Debuting in a couple of months SeaShip News will launch an insightful new bunkering magazine, which you, the reader, can help shape the contents by voting in our brand new poll, launching t...
Manila deploys sweeper system to kick out empties
30 July 2014
Manila: Sounding like a bunch of Lothar Matthäuses are set to descend on the Philippine capital, the Philippine Ports Authority has said international shipping lines will deploy dedicated ‘sweepers’ t...
RCL adds Batangas call citing Manila congestion
30 July 2014
Bangkok: Thai liner Regional Container Lines (RCL) has reacted to growing congestion in the Philippine capital by adding a port call in the south of Luzon island. RCL is restructuring its RMN service...
Yokohama Rubber sets up in Batam
30 July 2014
Tokyo: The Yokohama Rubber Co has held a groundbreaking ceremony for its new marine products plant at the Kabil Integrated Industrial Estate near the east coast of Indonesia’s Batam Island. The ceremo...
Empties to be shifted out of Manila
25 July 2014
Manila: The government has moved to try and handle the congestion at the Philippine capital’s ports. Empty containers are to be moved out of Manila’s terminals. The empties will be shifted to Subic Ba...
Manila’s congestion woes stir debate
24 July 2014
Manila: Shippers continue to voice their displeasure at congestion at ports in the Philippine capital, saying it is making exports uncompetitive.
Sergio Ortiz-Luis, president of the Philippine Ex...
Barge victim’s family want answers
23 July 2014
Singapore: One of the three dead from Friday’s barge sinking off Batam should not have been onboard the vessel, his family claim.
Singaporean national Terence Chew Zhi Wei, 31, worked in marketing fo...
Ezion sells off businesses to AusGroup
23 July 2014
Singapore: Offshore operator Ezion Holdings has agreed with AusGroup to sell subsidiaries Ezion Offshore Logistics Hub and its 90% stake in Teras Australia for S$55m.
Ezion Offshore Logistics Hub ope...
PSA invests for next generation
22 July 2014
Singapore: PSA Corporation and the Institute of Technical Education (ITE) have signed a memorandum of understanding (MOU) worth over $2m to equip ITE students with a deeper understanding of container ...
Three dead following POSH vessel sinking
21 July 2014
Singapore: Three men died when a Singapore-registered barge sank two nautical miles off Batam, on Friday night, the Maritime and Port Authority of Singapore (MPA) confirmed on Sunday.
The MPA said th...
Asian box trades set for shakeup as Maersk and MSC join forces
10 July 2014
Singapore: Asian container trades are set for a giant shake up with news out today that the world’s top two lines have signed a 10-year vessel sharing agreement (VSA). Following China’s refusal to san...
Ezra to combine EMAS Marine and EOC to form giant offshore player
10 July 2014
Singapore: Ezra Holdings Limited has announced that it will consolidate its offshore support services division, by selling off EMAS Marine into its Oslo listed associated company, EOC Limited, and cre...
Sinwa selling UK anti-piracy device
4 July 2014
Singapore: Following on from the recent announcement of its global expansion plans, Guardian Maritime Ltd, producers of Guardian anti-piracy barriers, has signed a deal with Sinwa Group, one of Asia P...
Keppel confirms signing of Golar FLNG vessel conversion
3 July 2014
Singapore: Keppel Shipyard has now confirmed the signing of a contract with Golar Hilli Corporation, a subsidiary of Golar LNG Ltd, to perform the conversion of an existing Moss LNG carrier, the Hilli...
Puma Energy acquires oil assets in Papua New Guinea
2 July 2014
Singapore: Singapore-based Puma Energy announced the acquisition of InterOil Corporation subsidiary companies that own refining and fuels marketing businesses in Papua New Guinea (PNG) for $525.6m.
P...
Management shuffle at Northport
1 July 2014
Kuala Lumpur: There’s been a top management shuffle at Northport, the Port Klang terminal, following the retirement of a senior executive.
Encik Rubani bin Dikon has been appointed ceo. He has been w...
FSL Trust secures time charter with Tesoro
30 June 2014
Singapore: FSL Trust has entered into a time charter agreement with Tesoro Far East Maritime Company, a wholly-owned subsidiary of Tesoro Corporation for the FSL Shanghai, a 115,000 dwt crude oil tank...
Keppel to convert Golar LNG ship
25 June 2014
Singapore: Keppel Shipyard, a wholly-owned subsidiary of Keppel Offshore & Marine, has signed a conditional contract with Golar Hilli Corporation, a subsidiary of Golar LNG, to perform the world’s fir...
Opposition to planned reverse takeover of Tanjung Offshore
18 June 2014
Kuala Lumpur: The proposed reverse takeover (RTO) of Tanjung Offshore Bhd (TOB) by several parties, including a unit of Paris-based oil and gas (O&G) giant Bourbon, is facing opposition from a group o...
SapuraKencana adds $700m in new contracts
17 June 2014
Kuala Lumpur: SapuraKencana Petroleum Berhad has announced that its wholly-owned drilling subsidiaries have been awarded three new contracts and a contract extension valued at close to $700m.
Petcon ...
APL wins inaugural US Coast Guard security award
13 June 2014
Washington DC: Singapore’s APL, the containerline of the NOL Group, has won the 2013-2014 Rear Admiral Richard E. Bennis Award for Excellence in Maritime Security, conferred by the United States Coas...
Archer Daniels Midland relocates Asia HQ to Singapore
13 June 2014
Singapore: US grain giant Archer Daniels Midland is changing its operations in Asia in a big way.
“As populations and incomes across Asia continue to rise, diets are evolving. With that shift comes a...
Bumi Armada proceeds with Sukuk issuance
13 June 2014
Kuala Lumpur: Malaysia-based international offshore oilfield services provider, Bumi Armada, announced that it, together with its wholly owned subsidiary, Bumi Armada Capital Malaysia (BACM) have ente...
Epic Gas adds two more vessels to fleet
13 June 2014
Singapore: Epic Gas has announced that it has added two more vessels to its fleet, to take the number of vessels it controls to 44.
Epic has acquired two 9,500 cbm fully-pressurised gas carriers, th...
Mermaid bags services contract worth $19m
13 June 2014
Singapore: Mermaid Maritime Public Company announced that its subsidiary Mermaid Offshore Services has been awarded a call off contract for subsea remotely operated vehicle (ROV) services in Thailand ...
Tanjung Priok rail link mooted
13 June 2014
Jakarta: State-Owned Enterprises Minister Dahlan Iskan has urged railway company PT Kereta Api Indonesia (KAI) to build a link between Tanjung Priok Port and Tanjung Priok Station.
"This is similar t...
China’s SITC opens branch in Indonesia
12 June 2014
Shanghai: SITC International Holdings has announced that its new branch in Indonesia has officially started operations.
Currently the Indonesia branch is operating a CKV service which links Indonesia...
Details emerge of another fuel robbery
12 June 2014
Kuala Lumpur: A tanker travelling from Singapore to Labuan was robbed of 100,000 metric tonnes of petroleum by a crew of six pirates last Saturday, in the latest of what has become a growing scourge o...
Harbor Star eyes SE Asian expansion
12 June 2014
Manila: Harbor Star Shipping Services, a Philippine provider of harbour assistance, lighterage, salvage and towing services, is expanding overseas beginning with a bid to serve two ports in Johor, Mal...
Illingworth quits DVB for another bank posting
12 June 2014
Singapore: Peter Illingworth, a well-known name in Singapore tanker circles, is moving on. Tomorrow he will leave DVB and go on gardening leave through to August. Illingworth holds the position of man...
Latest notes issuance by Ezion
12 June 2014
Singapore: Ezion Holdings yesterday issued S$150m fixed noted due in 2021 under its S$1.5bn multicurrency debt issuance programme.
DBS Bank acted as the sole dealer in relation to the latest issuance...
Pelindo III takes on big crane order
11 June 2014
Jakarta: Konecranes has signed an agreement to deliver an Automated RTG (ARTG) system to Indonesian state-owned terminal operator PT Pelabuhan Indonesia III (Pelindo III) for a terminal in Semerang in...
Petronas invests $8bn for oil and gas development in Turkmenistan
11 June 2014
Kuala Lumpur: Malaysia's Petronas has signed a memorandum of understanding with Turkmenistan on long-term cooperation on oil and gas development in the Cthis isentral Asian country.
According to Mala...
PSA’s Mumbai concession questioned
11 June 2014
Mumbai: Singaporean terminal operator PSA International’s tortuous path to run a facility in Mumbai could face another hurdle. PSA has been chasing a contract to run a terminal at Jawaharlal Nehru Por...
Chinpo Shipping charged over DPRK arms shipment
10 June 2014
Singapore: Criminal charges have been filed against a Singapore-registered company implicated in a shipment of arms last year bound for North Korea, a nation that has sanctions in place.
Tan Hui Tin,...
Details of SIBCON 2014 released
10 June 2014
Singapore: The Maritime and Port Authority of Singapore has released details of the 18th edition of the world’s largest bunkering show. The programme for SIBCON 2014 is now available online at [www.si...
SapuraKencana announces four gas discoveries offshore Malaysia
10 June 2014
Kuala Lumpur: SapuraKencana Energy (SKE) has announced that its unit SapuraKencana Petroleum has made four significant gas discoveries in the SK408 Production Sharing Contract (PSC) area offshore Sara...
Thai owners call for armed ships
9 June 2014
Bangkok: Following the Thai oil tanker MT Orapin 4 which was hijacked by pirates last month, the third attack on Thai ships since April, Thai shipowners have called for weapoms on cargo ships.
Phumin...
Tanjung Offshore and Bourbon join forces
6 June 2014
Kuala Lumpur: There’s been plenty of trading of shares in Tanjung Offshore Bhd today in Kuala Lumpur after the company announced its proposed acquisition of marine offshore business from Singaporean b...
Icon’s IPO nears
30 May 2014
Kuala Lumpur: Malaysia's Icon Offshore will raise somewhere between RM919m to RM945m ($285.2m to $293.3m) from its listing after setting the price range at RM1.80 to RM1.85 per share yesterday.
Icon,...
Three piracy incidents off Nipa anchorage in two days
29 May 2014
Singapore: Three incidents of robbery were reported onboard two bulk carriers and a barge yesterday and today, all in the same area, according to a release from the ReCAAP Information Sharing Centre.
...
Chellsea exercises PSV options
27 May 2014
Singapore: Singapore OSV operator Chellsea is expanding its fleet. Cosco Shipyard announced it has been awarded four options by a Singapore-based company for the construction of four platform supply v...
Samsung Heavy close to buying into Vietnamese shipbuilding
26 May 2014
Hanoi: One of the world’s most successful shipbuilders is close to buying into a Vietnamese shipyard. Samsung Heavy Industries from South Korea has won approval from Hanoi to buy up to 50% of a shipbu...
KrisEnergy takes over Thai oilfield
22 May 2014
Singapore: KrisEnergy, an independent upstream oil and gas company, has agreed with Mubadala Petroleum to purchase the entire issued and paid up share capital of MP G10 (Thailand) Limited, the entity...
Posidonia ‘survival guide’ launched
22 May 2014
Singapore: With Posidonia set to launch in 10 days in Athens our sister title Maritime CEO has launched a survival guide to the world’s most famous show.
The latest issue of Maritime CEO magazine goe...
Lampung FSRU to start operating in July
13 May 2014
Jakarta: State-owned gas distributor PT Perusahaan Gas Negara (PGN) will start operating its floating storage and regasification unit (FSRU) in Lampung in July this year.
“The construction of the rec...
Malaysia hunts for pirates after tanker hijacking
13 May 2014
Kuala Lumpur: Malaysia is hunting for a group of pirates who hijacked a tanker off its eastern coast and robbed 100,000 metric tonnes of petroleum on board.
"We have activated 24-hour sea patrols aro...
McDermott installs first reel-lay pipe-in-pipe offshore Malaysia
30 April 2014
Kuala Lumpur: McDermott International announced that a subsidiary of the company has become the first to install rigid reel-lay pipe-in-pipe in Asia Pacific, at the Siakap North-Petai (SNP) developmen...
Chinese tanker boss accused of money laundering in Singapore
24 April 2014
Shanghai: A struggling big name in Chinese tanker circles has become embroiled in a potential scandal involving Singapore.
Nearly 200 investors of Nanjing Tanker, the delisted subsidiary of Sinotrans...
Hapag-Lloyd major shareholder reignites NOL speculation
23 April 2014
Hamburg: Such is the perceived need for rapid fleet build up and consolidation in container shipping that the lead shareholder of Hapag-Lloyd, fresh from merging with Chile’s CSAV, is already talking ...
Pirates attack Japanese tanker off Malaysia
23 April 2014
Kuala Lumpur: Armed pirates raided a Japanese oil tanker in the Strait of Malacca, abducting three Indonesian crew members and stealing some of the vessel's shipment of diesel fuel, the International ...
POSH launches IPO, eyes offshore accommodation sector
17 April 2014
Singapore: Robert Kuok controlled PACC Offshore Services Holdings (POSH), the OSV giant with 112 vessels in operation and another 15 vessels on order, has today launched its IPO on the Main Board of t...
Singapore logistics veteran returns
10 April 2014
Singapore: Peter Tan, the former ceo and founder of Sembawang Kimtrans, has returned to the marine and offshore logistics industry four years after retiring to chair Investment Global, run by Tan’s so...
Pelni looks at LNG as a ship fuel
8 April 2014
Jakarta: PT Pertamina Gas (Pertagas), a subsidiary of state-owned oil and gas giant PT Pertamina, is looking to get into sales of LNG as a ship fuel.
Pertagas has fixed a deal with state-owned shippi...
Singapore mandates mass flow metering
8 April 2014
Singapore: The Port of Singapore is the first in the world to mandate the use of mass flow metering (MFM) system for bunkering. This was announced by Lui Tuck Yew, Minister for Transport, at the Singa...
MPA chief stresses importance of attracting next maritime generation
7 April 2014
Singapore: Singapore Maritime Week got underway yesterday, the largest to date with some 29 events sanctioned. Opening the week’s festivities yesterday, the chief executive of the Maritime and Port Au...
‘Volatility, uncertainty and unevenness of growth’: PSA outlines box challenges
28 March 2014
Singapore: In releasing its 2013 annual figures today terminal operator PSA International discussed some of the challenges facing the container shipping industry.
“Looking ahead, I foresee persistin...
29 events scheduled for Singapore Maritime Week
26 March 2014
Singapore: For those recovering from last week’s manic series of maritime events in the Lion Republic should rest up as the 9th Singapore Maritime Week (SMW) is about to take place from 6 to 11 April....
SapuraKencana Petroleum outlines plans for more rigs
26 March 2014
Kuala Lumpur: Malaysia’s SapuraKencana Petroleum has allocated $500m of annual capital expenditure (capex) over the next three years, mainly to strengthen its drilling, energy services and fabrication...
Salamander eyes more platforms offshore Thailand
14 March 2014
Bangkok: Asia-focused independent exploration and production company, Salamander Energy, is considering expanding the production infrastructure of its Bualuang field offshore Thailand with more drilli...
Three pirate attacks reported
10 March 2014
Singapore: Two tankers were hit by pirates on March 6 and a bulker was also attacked this morning, all near Singapore, according to an alert by the Information Sharing Centre of Regional Cooperation A...
APL tops INTTRA data survey
6 March 2014
Parsippany: INTTRA, the world’s largest multi-carrier e-commerce network for ocean shipping, has announced the first results from its comprehensive ocean shipping information quality program, with APL...
Hanoi ready to sell off controlling stake in Vinalines
6 March 2014
Hanoi: As the government looks to get Vinalines on an even financial keel it has intimated it would be happy to offload a controlling stake in the nation’s top shipping firm. The line, burdened by bil...
Epic Gas adds two more LPG carriers to fleet
4 March 2014
Singapore: Singapore-headquartered Epic Gas, has announced that it has bareboat chartered in two vessels to add to its growing fleet.
The vessels are both 7,200cbm pressurised LPG carrier, from Kyoku...
SapuraKencana eyes $7bn in new projects
27 February 2014
Kuala Lumpur: SapuraKencana Petroleum plans to bid for up to $7 billion worth of projects locally and internationally this year, according to president and group ceo Tan Sri Shahril Shamsuddin.
"2014...
Loss making NOL skirts close to SGX watch-list
26 February 2014
Singapore: Singapore’s top shipping line, Neptune Orient Lines (NOL), suffered the ignominy yesterday of announcing it has come close to being placed on a watch-list by the Singapore Exchange (SGX) as...
Asia Cruise News launches
21 February 2014
Singapore: Today sees the latest product launch from fast growing Singapore-headquartered Asia Shipping Media.
Asia Cruise News (ACN) kicks off today promising to deliver exclusive, up-to-the-minute,...
Lukoil withdraws from Vietnam offshore project
20 February 2014
Ho Chi Minh City: Russia oil company Lukoil has decided to pull out from a jv oil exploration project in Vietnam due to poor returns.
The company’s arm in Vietnam had bought a 50% stake in the develo...
Thoresen Shipping grows owned bulker fleet to 20 vessels
19 February 2014
Singapore: Thoresen Shipping Singapore, a wholly owned subsidiary of Thoresen Thai Agency Agencies, has announced its latest acquisition - a seven-and-a-half-year old Japanese built supramax dry bulk...
Shin Yang to start shipping Indonesian iron ore
18 February 2014
Kuala Lumpur: Shin Yang Shipping Corp (Syscorp) will start shifting Indonesian iron ore from the second half of this year. The Malaysian shipping line will use tugs and barges to move iron ore from In...
Yinson forms Singapore shipmanagement subsidiary
14 February 2014
Kuala Lumpur: Malaysian offshore operator Yinson Holdings, fresh from taking over Norway’s Fred Olsen Production, has opened a subsidiary in Singapore called Yinson Production. The subsidiary will be ...
Pertamina inaugurates VLGC as part of enlarged gas distribution plans
12 February 2014
Jakarta: State run energy giant Pertamina inaugurated one of the world’s largest LPG carriers today. Pertamina Gas I, built in South Korea by Hyundai Heavy Industries for $76m, is 225.81 m long, 36.60...
Philippine politicians vote to get STCW clearance
11 February 2014
Manila: The wheels are grinding into action among Philippine politicians keen to avoid the nation’s ship officers being blacklisted by the EU. Following president Benigno Aquino’s publicly stated dete...
Smashed boxship to be scrapped
11 February 2014
Singapore: Cosco is to demolish container vessel Fei He, which was involved in a collision off Singapore at the end of last month.
The company said the ship’s bunker tanks sustained damage after the ...
Star Cruises orders new ship at Meyer Werft
11 February 2014
Kuala Lumpur: Asia's leading cruise company Star Cruises has placed a contract with German shipbuilder Meyer Werft for a new cruise ship.
The ship will increase Star Cruises’ fleet to eight ships an...
RCCL gets involved in giant Malacca cruise facility
10 February 2014
Kuala Lumpur: Cruise giant Royal Caribbean is one of the investors in a 246-hectare Melaka Gateway project that aims to build a brand new cruise terminal, theme park, seven-star hotel and the Malaysia...
Third collision in twelve days off Singapore
10 February 2014
Singapore: The Maritime and Port Authority of Singapore (MPA) received a report this afternoon of a collision which had occurred between departing containership "Hammonia Thracium" and chemical tanker...
Singapore’s transport minister cautiously optimistic on shipping prospects
7 February 2014
Singapore: More than 600 people flocked to the Raffles City Convention Centre last night for the annual Singapore Shipping Association Lunar New Year cocktail where Lui Tuck Yew, the republic’s minste...
Cebu will be able to handle larger bulkers soon
6 February 2014
Manila: Delayed by two years, dredging at Cebu International Port is now underway and new bulk handling facilities are being installed allowing bulk carriers of up to 50,000 metric tons to use the Mac...
THHE wins Petronas construction contract
6 February 2014
Kuala Lumpur: TH Heavy Engineering (THE) has received a letter of award from Petronas Carigali for the procurement, construction and commissioning (PCC) of KNPG-B Topside PH II, Kinabalu non-associate...
Epic Gas raises $75m
4 February 2014
Singapore: Epic Gas announced the private placement of 9,375,000 new shares at a subscription price of $8.00 per share raising $75m. The shares to be issued will be registered on the Norwegian Over Th...
Chemical tanker smashes into boxship off Singapore
30 January 2014
Singapore: At 1830 hrs last night the Maritime and Port Authority of Singapore (MPA) received a report that the departing Hong Kong-flagged chemical tanker, Lime Galaxy had collided with the arriving ...
Second vessel collision off Singapore
30 January 2014
Singapore: The Maritime and Port Authority of Singapore (MPA) has reported that this morning at 0414hrs is received a report that a Panama-flagged containership, "NYK Themis", had collided into a barg...
First ship-to-ship LNG transfer completed in Singapore waters
28 January 2014
Singapore: A ship-to-ship transfer involving a cargo of LNG has been carried out in Singapore waters for the first time. The operation, supervised by the Maritime and Port Authority of Singapore, star...
Myanmar and Bangladesh form maritime link
21 January 2014
Bangkok: A new coastal shipping line is scheduled to operate from March between Chittagong, Mongla, Narayanganj and Teknaf ports in Bangladesh and Maungtaw, Pathein, Sittwe and Yangon in Myanmar. Plan...
SapuraKencana sets up in Dubai
21 January 2014
Kuala Lumpur: Fast expanding Malaysian energy firm SapuraKencana Petroleum has incorporated a wholly-owned subsidiary in the United Arab Emirates known as SapuraKencana Oil & Gas DMCC (SK Dubai). The ...
Perdana Petroleum wins Talisman AHTS contract
17 January 2014
Kuala Lumpur: Perdana Petroleum has announced that its wholly-owned subsidiary Perdana Nautika has won a contract from Talisman Malaysia, for the charter of an Anchor Handling Tug Supply (AHTS) vessel...
Piracy incidents increase
17 January 2014
Singapore: A report just issued by ReCAAP, the regional piracy watchdog, shows that piracy incidents in the area increased by 12% last year, but the severity of incidents reduced with 77% of the crime...
Dagfinn Lunde becomes chairman of Executive Ship Management
15 January 2014
Singapore: One of the best-known names in ship finance has become the chairman of Singapore’s Executive Ship Management (ESM). [Dagfinn Lunde](http://www.maritime-ceo.com/news_content.php?fid=3w3c48),...
Search continues for missing crew off Sabah
14 January 2014
Kuala Lumpur: Authorities in Malaysia continue to comb through the rough seas off Lahad Datu on the east coast of Sabah in the seemingly increasingly vain attempt to find and rescue six crewmembers of...
KrisEnergy’s share price plunges on latest disappointing exploration results
10 January 2014
Singapore: Singapore-listed KrisEnergy revealed late yesterday another disappointing result to its latest Vietnamese exploration well, sending its share price plunging by as much as 29% in early tradi...
Masterbulk establishes shipmanagement arm
18 December 2013
Singapore: Masterbulk has announced the launch of Masterbulk Ship Management (MBSM) to conduct full technical and crew management services for its own and third party vessels.
Based in Singapore, MB...
Keppel in negotiations with Golar on FLNG conversion
2 December 2013
Singapore: Keppel Shipyard and its topside partners are currently negotiating conversion and liquefaction contracts with Golar LNG on the conversion of an existing LNG carrier into a Floating Storage ...
Indonesian vessel towed to likely scrapping destination
28 November 2013
Bangkok: MV Gladys, which ran aground four months ago to the day in Myanmar waters in the Bay of Bengal, has been towed to the outer anchorage area of Chittagong port, as it awaits to hear its destiny...
Giant oil storage depot planned in Johor
22 November 2013
Kuala Lumpur: Oil and gas services provider Dialog Group and Concord Energy, a crude oil and petroleum product trading firm, have signed a memorandum of understanding to conduct a feasibility study fo...
Singapore shipping annual launched
22 November 2013
Singapore: SeaShip News today launches its debut Singapore Market Report, taking a holistic look at the city-state’s maritime and offshore industries. As well as the print edition, readers can read th...
Thai developer quits Dawei port project
18 November 2013
Bangkok: The stalled Dawei megaport project in Myanmar has taken another twist with the initial developer, Thailand’s Italian-Thai Development quitting the project, according to local media.
The $9bn...
First ever Baltic Exchange Singapore board meeting
5 November 2013
Singapore: The London headquartered Baltic Exchange today held its first ever board meeting outside of the UK. Baltic Exchange directors met at Thomson Reuters Singapore offices to discuss a range o...
Orders roll in for Dyna-Mac
4 November 2013
Singapore: Dyna-Mac Holdings has secured new fabrication orders for a provisional sum of $117m. The orders come from Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) and OneSubsea Malaysia Syst...
Hanoi destroys Vinashin brand, announces replacement
1 November 2013
Hanoi: Tạm biệt Vinashin, chào SBIC. Vietnam is saying farewell to one its larger employers and welcome it back with a rebrand. Trying to close a chapter on an embarrassing scandal of misguided state ...
The reality behind EMSA’s audit of Philippine crew institutions
11 October 2013
Manila: A leading Philippine shipping commentator discusses with SeaShip News today the implications of the European Maritime Safety Agency (EMSA) second audit of Philippine training institutes and th...
Belawan boxport celebrates contracts with six lines
10 October 2013
Jakarta: Belewan International Container Terminal (BICT), Sumatra’s largest box facility, has received an enormous fillip with six lines - Maersk, MSC, Evergreen, OOCL, K Line and Hub Line - concludin...
KS Energy joins Singapore samba to Mexico
7 October 2013
Singapore: Hot on the heels of Keppel’s announcement of a new yard in Mexico, mainboard listed KS Energy has made a move into the Central American nation with the signing of a Memorandum of Agreement ...
Call for Congress to look into Philippine ferry ops
28 August 2013
Manila: A politician has called for Congress to investigate the August 16 collision off Cebu that saw the St Thomas Aquino sink with the loss of more than 100 lives. Gus Tambunting urged fellow politi...
ICTSI sets aside $150m for Honduras development
23 August 2013
Manila: International Container Terminal Services, Inc. (ICTSI) has set aside $150m to develop its Puerto Cortes terminal in Honduras over the next five years.
In February, ICTSI was awarded a 30-yea...
Dredger launch signals big step for Malaysian shipbuilding
23 August 2013
Kuala Lumpur: In a big step for the nation’s shipbuilding ambitions Malaysia Thursday launched Asia's biggest and the world's third largest trailing suction hopper dredger
The dredger is owned by Mal...
Former Petronas CEO appointed deputy chairman of Sembcorp Marine
20 August 2013
Singapore: Former Petronas president and ceo, Tan Sri Mohd Hassan Marican, has been appointed as deputy chairman of Sembcorp Marine.
Marican was the President & CEO of Malaysia’s Petronas from 1995 u...
Philippine ferry death toll mounts, calls for nationalisation
19 August 2013
Manila: Calls are growing for ferry operations in the Philippines to be nationalized in the wake of the latest disaster which is likely to have claimed more than 100 lives.
The Philippine Coast Guard...
Macquarie buys into Helios Terminal
15 August 2013
Singapore: Having taken over the giant Helios Terminal in Jurong less than a year ago from Chemoil, Germany’s Oiltanking is selling a 45% stake in the facility to Macquarie Capital. With a total shell...
Vietnam's VSC buys into Danalogs
15 August 2013
Ho Chi Minh City: Vietnam Container Shipping Joint Stock Company (VSC) has announced that it will buy 37 percent stake of Danalogs Company. VSC is paying VND11,000 per share, and plans to build a war...
BW Gas joins the VLGC ordering spree
12 August 2013
Singapore: BW Gas, led by Andreas Sohmen-Pao in Singapore, has ordered four plus two options VLGCs at Hyundai Heavy Industries in Korea. Clarkson data puts the 84,000 dwt quartet as due for delivery i...
Human error cited in Thai oil spill
7 August 2013
Bangkok: Preliminary investigations by Thailand’s Department of Special Investigation has suggested carelessness by PTT Global Chemical (PTTGC) workers may have caused the large oil spill in the Gulf ...
Tugboat arrives to shift stricken Gold Star Line vessel
5 August 2013
Singapore: A tugboat deployed from Singapore should arrive today in Myanmar waters to try and help shift the MV Gladys. The Gold Star Line containership, carrying 674 boxes, ran aground last Wednesday...
WSS opens Myanmar office
5 August 2013
Bangkok: Wilhelmsen Ships Service’s (WSS) first office in Myanmar is now operational.
“The company has concluded the time is right to play a role in shaping Myanmar’s ports, shipping and offshore ser...
Scomi scores Coastal Thai deal
19 July 2013
Kuala Lumpur: Scomi Energy Services Bhd subsidiary, PT Rig Tenders Indonesia Tbk, has won contract from Coastal Energy Company in Thailand.
The RM22m deal began late last month and is for the provisi...
Hanoi bans all new terminal investment in the south
19 July 2013
Hanoi: The Ministry of Transport has banned the construction of any more container terminals in the south of the country as the area suffers from acute overcapacity. The ban will last for two years an...
Vietnamese shipping unlikely to meet govt goals
18 July 2013
Hanoi: The government’s ambitious targets to hike the amount of local goods shipped on domestic hulls is unlikely to be met as the local industry swirls in vats of red ink, a consultant has warned.
“...
FSL takes back second tanker
16 July 2013
Singapore: FSL Trust Management has taken redelivery of Action, one of two crude oil tankers previously leased to a subsidiary of Geden Holdings Ltd. The vessel will be renamed FSL Shanghai and Thome ...
Global Carriers gets into more trouble
3 July 2013
Kuala Lumpur: Financially troubled Global Carriers announced that the company will not be able to issue its annual report for the financial period from the fiscal year of 2012 by June 30 due to the de...
Philippine ports study underway
3 July 2013
Manila: The new Office for Competition (OFC) of the Department of Justice and the Philippine Ports Authority have entered into a memorandum of agreement to ease port cargo congestion.
The MOA aims to...
Third terminal for Port Klang likely
3 July 2013
Kuala Lumpur: There’s talk that Port Klang will need a third terminal by the end of this decade. The port, which is on course to handle 10.4m teu, is the busiest in the country.
"The third port is pa...
Kuantan set to double capacity
3 July 2013
Kuala Lumpur: IJM Corporation, the operator of Kuantan Port, will invest around RM2bn to build a terminal capable of handling ships of up to 200,000 dwt.
The terminal will start construction early ne...
Puma pounces on Myanmar oil deal
3 July 2013
Bangkok: Puma Energy has been selected to construct oil tanks and some parts of Thilawa Harbour in Myanmar.
Myanmar’s Ministry of Transport has approved the Puma Energy (Myanmar) Ltd as the successfu...
Oil spill minimal following Singapore collision
3 July 2013
Singapore: The clean-up of the oil spill resulting from the collision between the South Korean-registered bulk carrier, Oriental Pioneer, and the Bahamas-registered bulk carrier, Atlantic Hero continu...
Singapore's MPA cancels another bunker licence
2 July 2013
Singapore: The Maritime and Port Authority of Singapore (MPA) has decided not to renew the bunker supplier license belonging to Coast-Channels Marine Services Pte Ltd citing contraventions of the term...
Triyards now a challenger in offshore ship repair
2 July 2013
Singapore: Offshore fabrication and engineering firm Triyards Holdings Limited has announced its entry into ship repair with its first bit of work for its newly commissioned floating dock, the Lewek H...
Harbor Star Shipping Services launches IPO
2 July 2013
Manila: Philippines shipping firm Harbor Star Shipping Services Inc. has revealed plans for an IPO worth P593.8 million.
In an announcement to the Philippine Stock Exchange the company said the listi...
Oil spilled as bulkers collide in Singapore Straits
2 July 2013
Singapore: The Maritime and Port Authority of Singapore (MPA) has reported that South Korean-registered bulk carrier, Oriental Pioneer, and a Bahamas-registered bulk carrier, Atlantic Hero, collided t...
Tsuneishi Cebu gets supramax pair
2 July 2013
Taipei: Taiwan’s Wisdom Marine has placed an order at Tsuneishi Cebu, the Japanese yard in the middle of the Philippines, for a pair of 58,000dwt supramaxes. The ships are due for delivery in 2015. No...
MISC focused on consolidation
20 June 2013
Kuala Lumpur: Malaysia’s top shipping line MISC plans to refinance a $750m bank loan due to expire in September.
“It will depend on the response from the market but I think the interest rates today s...
Landmark Indonesian AHTS delivered
20 June 2013
Jakarta: Marco Polo Marine’s subsidiary PT Pelarayan Nasional Bina Buana Raya has taken delivery of a 9,000 bhp anchor handling tug supply vessel. Four fifths of the funding came from a bank loan with...
Fine for Taiwanese ship that ran aground on coral reef
20 June 2013
Manila: Taiwan’s Wisdom Marine will pay P917,000 in compensation for damage to coral reefs by one of its ships passing through the central area of the Philippines.
Of the total, P500,000 will be used...
Now is a good time for NOL to offload terminals: Drewry
20 June 2013
London: Drewry Maritime Equity Research has initiated coverage on the global container liners’ sector with three major Asian container lines: Orient Overseas (OOIL), Neptune Orient Lines (NOL) and Chi...
Northport boss lays down growth goals
19 June 2013
Kuala Lumpur: Over at our sister site Maritime CEO the ceo of Malaysia’s Northport lays out plans to become a top ten boxport in the world. Undergoing significant expansion at present Abi Sofian Abdul...
Major investors flee Van Phong
19 June 2013
Hanoi: The Vietnam National Shipping Lines (Vinalines) has had its investment license for the Van Phong port project revoked as it has failed to implement the project according to the initial plan.
...
APL Salalah fêted in Oman
19 June 2013
Dubai: The Port of Salalah and APL have entered into a new era of partnership with the arrival of APL Salalah, the container vessel named after the Sultanate of Oman’s second largest city. A ceremony ...
Yujin settles China yard cancellation arbitration
19 June 2013
Singapore: Tanker operator Yujin International has won back all downpayments it made for a pair of chemical tanker newbuilds in China it decided to cancel.
London-listed Yujin has signed a final sett...
New guide to the region’s yards
19 June 2013
Singapore: As shipbuilding nations in South and Southeast Asia mature, Lloyd's Register's new guide provides an overview of over 80 shipyards and 18 ship designers in Bangladesh, India, Indonesia, Mal...
P3 Network set to revolutionise container shipping
18 June 2013
Copenhagen: In a dramatic move that will change the container shipping landscape in a big way the world’s three biggest lines are coming together on the main east-west trades. Maersk Line, Mediterrane...
MHB bids big to expand order book
18 June 2013
Kuala Lumpur: Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) expects to be bidding for around RM4b in projects this year, according to chairman Datuk Nasarudin Md Idris.
MHB's order book st...
Giant Indonesian oil terminal slated
13 June 2013
Jakarta: Germany’s Oiltanking together with its joint-venture partner Gunvor Group will construct a green field terminal on the island of Karimun in Indonesia. The facility, which will have an initial...
Philippine vice president drums up support ahead of Euro audit
11 June 2013
Hamburg: "Germany and the EU cannot possibly have world-class efficient commercial ships manned by Filipinos today, and world-class efficient ships without Filipinos onboard tomorrow", said the vice p...
Investors sought in Vietnamese ports
27 May 2013
Hanoi: Over the coming 12 months the ports of Haiphong, Danang, Quang Ninh, Saigon and Quy Nhon will all undergo an equitisation process, where between 25 to 49% of the state’s capital will be sold.
...
Ecoship warning
10 April 2013
Singapore: Per Wistoft, ceo of Brightoil Shipping Singapore, has given a stark warning on the dangers of the so-called ecoship revolution.
Speaking at Sea Asia, Wistoft said: “Ecoships are not really...
Panama mulls PSA expansion plans
10 April 2013
Singapore: Panamanian authorities are in touch with Singapore’s PSA International to significantly expand its terminal on the west coast of the Central American country. With the canal’s expansion to ...
DVB warns on ‘overbought’ PSV sector
8 March 2013
Singapore: While generally optimistic on offshore prospects in the region, a top financier has warned larger platform supply vessels are “overbought”. Speaking as a promotion to April’s Sea Asia event...
Uni-Asia takes Imabari newbuild, charters it to Pacific Basin
4 March 2013
Singapore: Singapore-listed Uni-Asia Holdings has signed with Japan’s Imabari Shipbuilding to take on a 37,000 dwt newbuild bulk carrier in a year’s time for $25m. Hong Kong’s Pacific Basin will take ...
Loss-making MOL looks to beef up Singapore presence
31 January 2013
Singapore: Mitsui OSK Lines (MOL), the world’s largest shipping line by fleet size, might just have reported struggling financial results, but buried in the announcement was something that will bring ...
European quality at Asian prices: IHC Merwede offering debuts in Singapore
29 January 2013
Singapore: IHC Merwede has extended its product range with the introduction of a new series of IHC Packhors offshore support vessels at an official launch event in Singapore, organised by IHC Asia Pac...
Launch of Maritime CEO, the portal for top shipping insights
23 January 2013
Singapore: Maritime CEO, the portal for leading shipping insights, officially launches this week. Brought to you by Asia Shipping Media (ASM), the publishers of SinoShip and SeaShip News, this global ...
Piracy incidents drop worldwide, but Indonesia remains a worry
16 January 2013
Kuala Lumpur: Piracy on the world’s seas has reached a five-year low, with 297 ships attacked in 2012, compared with 439 in 2011, the International Maritime Bureau (IMB) global piracy report revealed ...
Singapore firm wins trio of Aussie LNG mooring contracts
9 January 2013
Singapore: Singapore-headquartered Trelleborg Marine Systems has won contracts to fit out ship docking and marine monitoring systems for Queensland’s first three LNG operators on Curtis Island.
Trel...
Ezion linked rig ready for Alaska
17 December 2012
Sydney: Buccaneer Energy has provided an update on the Endeavour - Spirit of Independence (Endeavour) jack-up rig and Buccaneer's offshore Alaskan projects in the Cook Inlet.
The Endeavour is owned ...
Sembcorp bounces back with US$434m twin rig order at PPL
7 December 2012
Singapore: Sembcorp Marine has announced that PPL Shipyard has secured turnkey contracts for the construction of two jackup rigs from Integradora de Servicios Petroleros Oro Negro at a combined value ...
MTQ takes control at Neptune Marine Services
7 December 2012
Singapore: MTQ Corporation has announced that subsidiary Blossomvale now holds a 50.02% stake in Neptune Marine Services, making it a subsidiary of the company.
This follows the receipt of valid acce...
Rolls-Royce investigated for dealings in China and Indonesia
7 December 2012
London: British propulsion giant Rolls-Royce has become embroiled in fraud investigations in both China and Indonesia, as well as other markets, the company said in a statement yesterday. The UK’s Ser...
Log run for Fednav in Asia
7 December 2012
Singapore: Canada’s largest dry bulk player, Fednav, is looking to build its presence in Asia and specifically boosting its log carrying capabilities.
Fednav opened an office in Singapore in April l...
CMA CGM boosting Westport business
7 December 2012
Kuala Lumpur: French containerline CMA CGM has said it will likely shift 3m teu through Malaysia’s Westport in 2013, up by around 500,000 boxes this year.
Wesport in Port Klang is a regional hub for...
Skuld does Singapore u-turn
7 December 2012
Oslo: Marine insurance provider Skuld, has announced the opening of a branch office in Singapore to further expand business in Southeast Asia.
The firm opened an office in Singapore previously back i...
CNOOC’s first well in Cambodian waters completed
7 December 2012
Beijing: China National Offshore Oil Corporation (CNOOC) has become the first Chinese company to complete a well drilling in Cambodian waters. No oil and gas has been found in the well, but CNOOC plan...
Energi Mega looks to pay off debts
7 December 2012
Jakarta: Indonesia’s Energi Mega Persada is looking to sell around $500m in dollar-denominated bonds next year to help repay its maturing debt. Energi Mega holds a 36.7% stake in the Offshore North We...
Hallin starts work in Myanmar
6 December 2012
Singapore: Hallin Marine has started a four-month project at the Zawtika gas field off the coast of Myanmar. Working in partnership with a major offshore construction contractor, Hallin is providing i...
Thoresen Thai looks to double fleet size
1 November 2012
Bangkok: Thoresen Thai Agencies Plc (TTA) is looking to raise 9.9bn baht through a rights offering as it looks to expand its dry bulk fleet. TTA will offer 708m new shares in mid-December at 14 baht a...
Hallin looks further afield for business
12 October 2012
Singapore: Offshore vessel operator Hallin is looking to enter West Africa and Australia as it grows beyond its traditional operating areas of southeast Asia and the North Sea.
Singapore-headquarter...
KS Energy enters Indonesian drilling venture
4 October 2012
Singapore: KS Energy has announced that its 80% owned subsidiary, KS Drilling has incorporated a company, PT. KS Drilling Indonesia jointly with PT Citra Agramasinti Nusantara with a 49:51 shareholdin...
Tanjung Priok workers voice their anger
4 October 2012
Jakarta: Demonstrations by port workers outside the gates of Tanjung Priok yesterday saw throughput at Indonesia’s largest port nosedive by around 50%. The one-day demonstration was aimed at getting t...
BLT aims to get debt restructuring fixed by year-end
4 October 2012
Jakarta: Berlian Laju Tanker (BLT), Indonesia’s largest shipowner, said yesterday it will aim to restructure its $1.9bn debt by the end of this year. The tanker giant said its focus going forward will...
FSL Trust provides update on Torm charters
4 October 2012
Singapore: FSL Trust Management has provided details of a restructuring agreement with its banks and tonnage providers that will secure for under pressure Torm substantial deferral of its bank debt, ...
Ideocean targets Middle East
3 October 2012
Singapore: Singapore headquartered Ideocean Group has announced a strategic alliance with Dubai-based Aethon Marine Services. The businesses will jointly venture into consultancy and project developme...
Chartering giants take the green initiative
3 October 2012
London: Cargill, the world’s largest charterer of bulk carriers, Huntsman Corporation, a chemicals giant and Unipec UK, a division of China’s largest oil trader, came out yesterday with a joint statem...
Kuok completes yards buyout
3 October 2012
Singapore: Malaysian tycoon Robert Kuok completed his majority buyout yesterday of the southeast Asian yards belonging to beleaguered Drydocks World of Dubai. Drydocks World said that the firm’s restr...
Cable layer for STX OSV
3 October 2012
Singapore: Singapore-listed STX OSV Holdings Limited has announced it has secured a contract for the design and construction of one cable laying vessel for an unspecified international client.
The ve...
Cruise business picking up in Myanmar
3 October 2012
**Singapore:** Orient-Express Hotels will launch a new 50-passenger river vessel on Myanmar's Irrawaddy River in July 2013, as the appetite for cruise tourism builds in the rapidly opening up southeas...
Singapore’s container landscape set for huge change
2 October 2012
Singapore: PSA Singapore Terminals announced yesterday dramatic changes to its future operations, which will see the majority of berths shift from the city centre to Tuas. The $2.9bn development of ph...
Ships must be ‘vigilant’ around the Straits: IMB
2 October 2012
Pirates have hit at least 10 times in waters around Singapore and the Malaysian peninsula in 2012, leading the International Maritime Bureau to alert all ships sailing in these waters.
“Although the ...
Investigations continue into deadly collision
28 September 2012
Jakarta: The crew of the IM Skaugen controlled Norgas Cathinka have been detained for questioning following the collision between the LPG carrier and a roro passenger ferry in the Sunda Strait early W...
Jasa Merin buys AHTS pair
28 September 2012
Kuala Lumpur: Jasa Merin, a subsidiary of Malaysia’s SILK Holdings, is spending RM240.6m on two anchor handling tug supply (AHTS) vessels.
The two second-hand AHTS are 70m 120-tonne bollard pull vess...
Shipping firms gear up for Jakarta listings
28 September 2012
Jakarta: PT Pelayaran Nasional Bina Buana Raya, in which Singapore’s Marco Polo Marine holds a 49% stake, has made an official registration with the Indonesia Stock Exchange in Jakarta to proceed with...
Singapore, Malaysia, Indonesia to enhance cooperation along the straits
28 September 2012
Singapore: Singapore, Indonesia and Malaysia will boost cooperation on the Marine Electronic Highway (MEH) through the Tripartite Technical Experts Group and Co-operative Mechanism.
The Maritime and ...
Indonesian ports get IT upgrade
28 September 2012
Jakarta: The Indonesia Port Corporation II has chosen the solutions provided by SOGET and Microsoft Corp to implement the largest port community system in the World. The system will initially be deplo...
More ‘stress’ coming owners’ way, warns StanChart’s Pandey
28 September 2012
Singapore: One of the region’s best known ship financiers has warned there is plenty more “stress” in store for shipowners if conditions do not pick up soon.
Speaking exclusively to SeaShip News, Abh...
Lubmarine launches three new barges in Singapore
27 September 2012
Singapore: Marine lubricant supplier TOTAL Lubmarine has introduced three brand new barges at the port of Singapore.
The 700 dwt double-hulled barges – Marine Champion, Marine Prospect, and Marine T...
Eight dead following collision
27 September 2012
Jakarta: Norgas Carriers of Singapore, a subsidiary of I.M. Skaugen, has said its operated vessel the Norgas Cathinka has anchored off the port of Bakauheni in Indonesia following a tragic collision y...
DNV wins Petronas FLNG contract
27 September 2012
Kuala Lumpur: DNV has been awarded the contract to class the Petronas LNG-FPSO (FLNG). The unit will be built by Daewoo Shipbuilding & Marin Engineering in Korea and is destined for the Kanowit field ...
ATI spending to get facility up to 1m teu mark
27 September 2012
Manila: Asian Terminals Inc (ATI) will increase capacity at its Manila South Harbor to pass the 1m teu mark in annual capacity.
“Aligned with the program, ATI will complete the crane rail extension a...
New technology promises fuel savings transiting Malacca and Singapore Straits
27 September 2012
Singapore: A new high-resolution tidal model for the Malacca and Singapore Straits will potentially save ships thousands of dollars in bunker fuel costs.
Simulations have shown that transit time savi...
AHTS sector on the cards for Chellsea
18 September 2012
Singapore: OSV operator Chellsea is eyeing the AHTS sector its ceo Gautam Chellaram tells SeaShip News. “Outside PSVs we will at the right time consider the AHTS sector,” he said. In terms of new area...
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