Industry Sectors:Offshore

Offshore

Malaysia Marine and Heavy Engineering (MMHE) has won its first major contract for some time, securing a MYR1bn ($226.8m) processing platform construction job from Petronas Carigali.
The shipping industry, in particular dry bulk and containers, has seen a marked improvement over the last 12 months according to Singapore Shipping Association (SSA) president Esben Poulsson.
Singapore Maritime Week (SMW) 2017 reflecting on difficult markets and technological change is themed around “Navigating through challenging times”.
Atlantic Navigation Holdings (Singapore) Limited may be facing a going concern issue in view of the company’s loss-making position and its ability to restructure its debts, according to auditor Ernst…
Marco Polo Marine is proposing a refinancing and debt restructuring and plans to delay an interest payment to bondholders to prop up its cashflow.
OSV owner and operator Swissco Holdings, which is currently under interim judicial management, is looking to pocket around $7m by selling a 2014-built offshore tug/supply ship.
Allseas is to use three pipelaying vessels, including the world’s largest the Pioneering Spirit, for a contract with Nordstream 2 to lay a natural gas pipeline in the Baltic Sea.
The global crewing industry faces a long-term shortage of trained seafarers, including the high skilled area of offshore marine.
The new Tok Bali Supply Base in the northern part of Peninsula Malaysia has secured it first major client, paving the way for more business ahead.
Bourbon has received a timely support from China’s ICBC Financial Leasing in the form of rescheduling of payments as the OSV owner struggles with losses in a depressed offshore market.