Industry Sectors:Offshore

Offshore

Malaysian energy shipping company MISC could see contributions from its floating production storage and offloading (FPSO) business rise by a third if the deals it is pursuing flow through, local…
The “very challenging conditions” of the offshore market has led to Keppel Offshore & Marine (Keppel O&M) posting a net loss for the first quarter ended 31 March 2017.
In further signs of optimism for the Malaysian oil and gas (O&G) industry, Malaysia Marine and Heavy Engineering Holdings (MMHE) has said it is aiming to secure some MYR4bn ($908.6m)…
Bankrupt Singapore offshore company Swiber Holdings has failed to redeem a SGD160m bond issue.
Daewoo Shipbuilding & Marine Engineering (DSME) has narrowly averted bankruptcy after bondholders and creditors agreed to a bailout scheme following a series of meetings positively concluded over the past two…
A subsidiary of EMAS Offshore Limited (EOL), owned by bankrupt Ezra Holdings, is facing a winding up threat after it received a statutory demand from China’s ICBC Financial Leasing for…
Wartsila has announced that it will supply the engines and other propulsion machinery for the world’s first LNG-fuelled offshore construction vessel currently under construction at a Cosco shipyard in China.
China’s Jiangsu Rainbow Heavy Industries (RHI) has returned to profit in 2016, erasing the loss of 2015, thanks to contributions from a relatively newly controlled subsidiary and efforts on streamlining…
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.
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