Icon Offshore ceo Jamal Yusof and coo Rahman Yusof, who have been on leave while assisting the Malaysian Anti-Corruption Commission in its investigations, have decided to step down.

MISC tanker arm AET has swooped for eight newbuildings worth $500m at South Korean yards.

MISC reported a 3% drop in Q1 profit before tax, but said it was “cautiously optimistic” about the outlook at its AGM in Kuala Lumpur today.

Malaysia’s MISC has denied it is looking to sell its tanker arm AET.

MISC saw 2014 full-year net profit rise 5.7% to MYR2.20bn ($620.2m) from MYR2.085bn last year, boosted by the disposal of assets through a finance lease in the fourth quarter.

Malaysian shipping company MISC saw third quarter net profit rise to MYR470.8m ($140.7m) from MYR401.0m previously and group revenue rose slightly to MYR2.18bn from MYR2.17bn.

Those tankers anchored off Galveston have been in the news again, this time in connection with imports of crude oil that may have originated in the Kurdish region of Iraq, sometimes known as Kurdistan. In an unfolding battle with both logistical...

Drydocks World says its first Modular Capture Vessel, converted from an aframax tanker owned by AET, has set sail from its Dubai yard.

Oslo based exhaust gas cleaning system (EGCS) manufacturer Clean Marine has secured two orders for its scrubber systems from Samsung Heavy Industries (SHI).