A vessel and its crew were freed hours after a pirate hijack of a Thai-tanker off the west coast of Malaysia on Wednesday evening.
Malaysia's ports alliance with China is set to get even stronger with another five ports in both countries set to sign up, bringing the total number in the partnership to 21.
Sembcorp Marine’s (Sembmarine) PPL Shipyard has terminated contracts for two jack-up rig newbuildings with Perisai Petroleum Teknologi, which the financially strapped Malaysian owner has failed to take delivery of.
Jack-up rig operator and oil and gas services player UMW Oil and Gas Corp (UMW-OG) is expecting that positive sentiment and more optimism in the sector will lead to higher utilisation rates for its drilling rigs beginning next year.
There is an oil spill off the Southern peninsula state of Johor after a tanker and bulker collided last Thursday.
Underscoring an upturn in container shipping global boxport volumes grew 6.7% in the first half of 2017, and forecast at 6% for the year as a whole by Alphaliner.