An overall positive macroeconomic outlook and increased regional infrastructure spending have suggested an improving business environment for the ailing offshore industry, though a rosy outlook is far from certain, according to Singapore-based OSV shipyard ASL Marine.
Vietnam’s Petrolimex, via its Singapore unit, has filed an application in the Singapore High Court to wind up bunker supplier Brightoil Petroleum Singapore, according to a legal notice published in a local newspaper.
Vessel operations planning software OceanManager is opening an office in Singapore to expand its business in Asia – Pacific.
Ship manager OSM is using technology to drive efficiencies and cost savings, and provide the greater transparency that new financial-based owners require.
The World Shipping Council (WSC) is opening up an Asian office in Singapore headed up by former MCC Transport chief Tim Wickmann.
Royal Vopak is expanding one of its liquid storage terminals in Singapore to meet the expected demand for marine gasoil as a result of the 2020 sulphur cap.
Bernhard Schulte is eyeing acquisitions in the maritime services sector in Singapore, as well as major growth of its ship management fleet in the Lion City.