South & Central Asia
Mermaid Maritime nets subsea gig in Gulf of Thailand
Mermaid Maritime has announced that it has been awarded a subsea remotely operated vehicle (ROV) services contract in the Gulf of Thailand with an upstream oil & gas company. The contract was awarded to Mermaid Maritime’s subsidiary Mermaid Subsea Services (Thailand). The scope of work includes, but
MHB CEO moves back to Petronas
Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) on Wednesday said the company’s managing director and CEO Haji Abu Fitri Abdul Jalil will renounce its position on April 30, leaving for Petronas.
Nominations Open for IADC Safety Award
The International Association of Dredging Companies has just announced that the nominations for the IADC Safety Award are now open. The IADC Safety Award is intended to encourage the development of safety skills on the job and to reward people and companies demonstrating diligence in safety awarenes
Update: Indonesia Tug Brahma 12 Freed, Kidnapped Crew Still Held Hostage
The hijacked Indonesian tug Brahma 12 has been released and is now being held by the Philippine authorities, the Indonesian Ministry of Foreign Affairs told World Maritime News in an emailed statement. Meanwhile, the Indonesian-flagged barge, the Anand 12, with its 10 crew members are still being he
Perdana bails out of vessel deal with Nam Cheong
Nam Cheong, Malaysia’s offshore support vessel builder, has received a notice of termination from Perdana Petroleum’s subsidiary, Petra Offshore, purporting to terminate the contract for the sale of one Accommodation Work Barge (AWB). Nam Cheong entered into a contract with Petra Offshore for two AW
Strong Tanker Market Drives CSDC’s Profit Surge
Chinese shipping major China Shipping Development Company Limited (CSDC) achieved 34.95% higher profit for 2015 totaling in RMB417 million (USD 64.3 million) when compared to figures from 2014, mostly due to a very strong tanker market. The group’s revenue was on course and amounted to RMB 12.213 bi
Bakker Sliedrecht Works on the World’s Largest Cutter Suction Dredger
Bakker Sliedrecht – designer and producer of electric machines and equipment – is now part of the mega-project to build the world’s largest cutter suction dredger for Jan De Nul Group. The company has been involved in this project from the very beginning, brainstorming with Jan De Nul about the elec
MMHE chief executive steps down after Petronas asks for his return
Malaysia Marine and Heavy Engineering (MMHE), a shipbuilding and heavy engineering industries company, has announced the departure of its chief executive officer at the request of its compatriot Petronas. MMHE said that YBhg Dato’ Haji Abu Fitri Abdul Jalil will relinquish his position as Managing D
India boosts Feb LNG imports
India boosted its LNG imports in February by almost 63 percent due to the revised deal with Qatar and spot prices declining to below US$5 per mmBtu. The country’s LNG imports in February rose to 1,788 mmscm from 1,100 mmscm a year ago, according to the data from oil ministry’s Petroleum Planning and
Nam Cheong Hit with Offshore Vessel Cancellation
Malaysia-based offshore marine company Nam Cheong Limited has received a notice of termination for the sale of one accommodation work barge from Petra Offshore Ltd (POL), a subsidiary of Bursa-listed Perdana Petroleum Berhad. “The group’s position is that the purported notice of termination/cancella
COSCO Pacific’s Profit Up 30 Pct Beating Forecasts
Hong Kong-listed port operator COSCO Pacific Limited recorded a 30.4 % profit increase in 2015 due to steady development and stable profit performance, the company said. Specifically, profit attributable to equity holders of COSCO Pacific for the year 2015 was USD 381.6 million against USD 292.7 mil
VIDEO: TS Taipei’s Oil Spill Clean-Up Continues
It is estimated that the remaining oil and fuel from the severely damaged TS Taipei could be extracted in a week as the weather off Taiwan has improved, the country’s Environmental Protection Department (EPA) said. After the pumping operations were stopped on Sunday due to another wave of harsh weat