Malaysian oil and gas services provider Yinson Holdings is consolidating its position in Regulus Offshore, taking up an additional 21% for MYR469,460 ($110,085) and bringing its stake up from 49% to 70%.

Container line Orient Overseas Container Line (OOCL) has enhanced its intra-Asia network with the introduction of two new services, namely the Indonesia Thailand Straits Service (ITS) and Vietnam Johor Straits Service (VJS).

Domestic focussed Malaysian line PDZ Holdings saw the full impact of its troubles hit in the first quarter of 2017, with revenue plunging to just MYR2.57m ($600,695) from MYR28.05m previously.

Sabah's Suria Capital Holdings is on track with its expansion programme, which will start next year, at Sapangar Bay Container Port (SBCT), and is expected to be completed by 2023, while also trying to update port tariffs to contemporary levels, local media reported.

Malaysian offshore marine support services provider Perdana Petroleum aims to be re-listed on the Malaysian stock exchange by mid-August.

Malaysia’s UMW Oil and Gas (UMW-OG) is putting in all efforts to return to the black this year and aims to strengthen its financials, maximise rig utilisation and get better day rates, president Rohaizad Darus was quoted as saying in local media.

Yinson Holdings said its FPSO unit has produced first oil in record time-to-market for its client in Ghana.

Malaysian oil and gas services provider Petra Energy turned to a profit in the first quarter with a net gain of MYR5.3m ($1.2m) from a loss of MYR7m in the previous corresponding quarter, it said in a stock market announcement.

While UMW Oil & Gas Corp (UMW-OG) will achieve full utilisation of its seven jack-up drilling rigs by the second half of this year, the oil and gas (O&G) service provider expects its earnings to remain under pressure due to subdued charter day rates, local reports said.

Malaysia's Northport is set to boost its connections in China after signing a memorandum of understanding (MoU) with the China unit of fellow Malaysian conglomerate Sime Darby's Weifang Sime Darby Port to develop a sister port relationship, local media reported.

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