Singapore: Keppel Corporation has announced that its wholly-owned subsidiary, Joy Pride Investments, has disposed of its 35% shareholding interest PV Drilling Overseas Company (PVDO) to PetroVietnam ...

Kuala Lumpur: Low oil prices have forced Malaysia-listed Tanjung Offshore to cancel its plans to take over Bourbon Far East, part of France-based Bourbon Offshore. The two offshore and subsea support ...

Jakarta: A palm oil carrier that was last month hijacked and stolen has been found in Thailand with its cargo intact. Eight perpetrators onboard the vessel were also apprehended by Thai authorities.

Japan: MOL Logistics, part of major Japanese shipping line, Mitsui OSK Lines, has formed PT MOL Logistics Warehouse, a wholly owned subsidiary, in Jakarta. “The company will… apply the dedicated ...

Singapore: Singapore-based Neptune Orient Lines (NOL) may sell its logistics business to CJ Korea Express, South Korea’s biggest courier delivery company, in an effort to improve its finances. CJ ...

Ho Chi Minh：The Dutch shipbuilding company, Damen Shipyard Group, intends to buy at least a 70% stake of the Cam River Shipbuilding Company, a subsidiary of Shipbuilding Industry Corporation (SBIC), ...

Kuala Lumpur: Marine service provider Coastal Contracts has incorporated Coastal Drilling, a new subsidiary based in Singapore. Coastal Drilling will principally be a ship/rig owner and will provide ...

Singapore: Singapore’s heavily regulated bunkering industry continues to contract in terms of the number of players. Centra Oil is the latest to exit the scene. Centra Oil was a physical supplier in ...

Kuala Lumpur: Malaysia’s UMW Oil & Gas has inked a $20m rig contract with Frontier Oil Corp, which will use the former's UMW Naga 7 jack-up rig for its drilling operations in Calauit field, the ...

Bangkok: Precious Shipping has outlined its mid-term business plans in a note to the Bangkok bourse. While revealing its annual results, where it suffered a 2014 loss of $2.5m, Precious detailed what ...

Singapore: Singapore-headquartered Miclyn Express Offshore (MEO) announced that it has been awarded three contracts to provide anchor handling tug supply (AHTS) services to Chevron in the Gulf of ...

Singapore: Singapore-based offshore operator, Nordic Maritime, has been awarded a contract to provide 2D seismic survey work in Indonesia for MultiClient Geophysical (MCG). This survey will be ...