South & Central Asia
SapuraKencana gets new name
Malaysian oilfield services company SapuraKencana Petroleum Berhad has now changed its name to Sapura Energy Berhad. The company proposed the name change in early February and the new name was reserved by the Companies Commission of Malaysia on February 6. The proposed name change was subject to the
Nam Cheong, Marco Polo enter Malaysian JV
Malaysia offshore shipbuilder Nam Cheong and Singapore’s Marco Polo Marine have teamed up to establish a joint venture company in Malaysia. The new company will be named SK Marco Polo Sdn Bhd Malaysia. According to statements by Marco Polo and Nam Cheong, the Malaysian subsidiary’s principal activit
MSI: Is the Boxship Industry Really Recovering?
Following the first quarter of 2017 optimism seen in the containership industry, as well as the sentiment shift in the markets, the industry could be heading to healthier rates with earnings following the course, according to Maritime Strategies International (MSI). Freight rate improvements have re
Royal HaskoningDHV Receives Accolade for Pulau Tekong Polder
Royal HaskoningDHV’s Water Team in Singapore has won the DutchCham Winsemius Award in the water category for their work on the Pulau Tekong Polder Development project. The awards, handed out last week, were organised by the Dutch Chamber of Commerce in Singapore, to recognize sustainability and inno
Deepsea Metro I Gears for Philippines Job
Deepsea Metro I has started mobilisation from Labuan, Malaysia for the drilling campaign offshore the Philippines. A contract, signed by Odfjell Drilling, on behalf of Golden Close Maritime, with Galoc Production Company, a wholly owned subsidiary of Nido Petroleum, is for the Galoc-7/7ST well locat
Perdana nets three-year gig with Petronas
Malaysian offshore marine services provider Perdana Petroleum has been awarded an umbrella contract by Petronas Carigali for the provision of spot charter marine vessel services. The contract was awarded to Perdana’s wholly owned subsidiary, Perdana Nautika Sdn Bhd (PNSB), and accepted on March 17.
Nido Petroleum set to start drilling in the Philippines
Odfjell Drilling’s “Deepsea Metro I” has started mobilization from Malaysia to its offshore location in the Philippines. The info was shared on Tuesday by Nido Petroleum on behalf of the Galoc Joint Venture, which has hired the drillship to drill the Galoc-7/7ST well location in Block C1 of Service
CMA CGM, PSA Singapore Start 2nd Phase of Box Terminal JV
French container shipping company CMA CGM and PSA Singapore, a subsidiary of PSA International, launched the second phase of their container terminal joint venture in Singapore on March 27. The CMA CGM – PSA Lion Terminal (CPLT) started operations with two mega container berths at PSA Singapore’s Pa
Finima Innovations looks for wave R&D support
Finima Innovations is looking to appoint research and development engineers to support its wave energy development activities.
Clarksons: LNG Fleet Thrives as Natural Gas Gains Popularity
As liquefied natural gas (LNG) gained momentum over the last decade, becoming an increasingly important form in which gas is traded, the LNG carrier fleet increased from 193 to 479 vessels from start 2006 to start March 2017, according to Clarksons Research. The LNG fleet, which also tripled in tota
ABB wins BW Group FSRU contract
Zurich-based automation specialist ABB has won a contract to supply power and electric propulsion system for BW Group’s new floating storage and regasification unit (FSRU).
Kansai Electric to form Singapore-based LNG trading unit
Japanese utility, Kansai Electric Power decided to establish an LNG trading unit in Singapore as it looks to strengthen its LNG procurement and sales.