News
Vale continues to develop Malaysian hub
Kuala Lumpur: Despite the fact that all of the big miners around the world are tightening their belts expenditure-wise for 2013, Brazil’s Vale has announced significant spending next year for its Malaysian distribution hub at Perak. ...
Malaysian welding under the torchlight
Kuala Lumpur: Jurutera Perunding Akal (JPA), an engineering design and project management services consultancy, recently signed a collaboration agreement with French classification society Bureau Veritas to provide value-added propositions in quality...
‘Significant milestone’ for Neptune as it ties up with BP
Singapore: Neptune Marine Services has signed a framework agreement with BP in the UK to provide subsea engineering services and support....
No big shake ups, plead energy giants in Indonesia
Jakarta: Jittery energy majors operating in Indonesia have warned Jakarta not to meddle too much with the Oil and Gas Law or else face losing investors. A recent court ruling has found elements of the 2001 Law on Oil and Gas as unconstitutional. This...
Bina Buana Raya closes in on Jakarta IPO
Singapore: Marco Polo Marine has announced that 49% owned associate company Pt. Pelayara Nasional Bina Buana Raya (BBR) has moved a step closer to an IPO on the Indonesia Stock Exchange....
Golden Stena Weco snaps up first product tanker
Singapore: Newly formed jv Golden Stena Weco has just announced it has invested in its first tanker.
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Alam Maritim diversifies into properties
Kuala Lumpur: Keen to diversify its revenue stream Malaysia’s offshore operator Alam Maritim Resources has created a new subsidiary, Alam Maritim Properties to pursue property deals in the region. ...
Japan to Thailand service for APL
Singapore: Singaporean boxline APL has introduced a new weekly service to enhance its network coverage in East Asia. ...
Creditors pick over the bones of Baxus Marine
Singapore: The six creditors of bunker supplier Baxus Marine will meet on December 11 to go over the liquidation details of the financially battered firm. ...
Relief as Jurong Shipyard workers leave hospital
Singapore: There is a keen sense of relief in Singapore with official news that out of the 89 workers injured at Jurong Shipyard on Monday, just six remain in hospital, with Tan Chuan-Jin, acting minister for the Ministry of Manpower (MOM), saying th...