Wilhelmsen Ship Management (WSM) is relocated its global headquarters from the Malaysian capital of Kuala Lumpur to neighbouring Singapore.
A Japan Coast Guard (JCG) vessel will leave Hakodate on 28 December for joint anti-piracy exercises in India and Malaysia.
Barakah Offshore Petroleum is making further inroads into the Sarawak oil and gas (O&G) market with its unit, PBJV Group sealing a deal to work with Sarawak-based parties on projects in the state.
Malaysia is also getting up to speed on smaller scale LNG solutions, including LNG bunkering, with national oil company Petronas' unit Petronas LNG signing a two-year service agreement with Argo Engineering and Eastport Marine to provide ship-to-ship LNG transfer services in Labuan, local reports said.
Shin Yang Shipping Corp (SYS Corp) was hit by the continued weak shipping market seeing FY2017 net profit fall by a third to MYR5.3m ($1.25m) as revenue fell 8% to MYR 589.7m on lower revenue from the international shipping segment, with a 20% drop compared to the previous corresponding period.