Singapore’s Vallianz Holdings has revealed that it is bidding for charter contracts worth a combined $1.8bn mainly for projects in the Middle East, leveraging on its track record in the region.
Cash-strapped Western Bulk has become Bulk Invest following the sale of its chartering arm, and is still seeking solutions to its financial woes with its creditors.
Cash-strapped Western Bulk is selling its chartering arm to its controlling shareholder Norwegian investment fund Kistefos in an effort to improve its liquidity position.
Singapore’s Vallianz Holdings has reported stable profit for the third quarter and revenue jumped on the back of higher contributions from the OSV chartering operations.
Singapore’s Otto Marine has secured new orders worth $131m, primarily from its ship chartering business, in the second quarter of its 2015 financial year.
Teekay LNG has booked one LNG carrier newbuilding plus one option at Hyundai Samho Heavy Industries on the back of a long term charter contract with BP Shipping.
ASL Marine has posted a sharp drop in net profit for its third quarter as revenues from its shipbuilding, shiprepair and chartering segments fell across the board.
The steep decline in oil prices over the last few months is already having an adverse impact on the oil service industry. Oil majors are continuing to reduce their investment budgets and projects are being postponed or cancelled. Charterers under...
