Splash 24/7 » Asia
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Splash 24/7 provides the latest incisive, exclusive maritime news, plus interviews and in-depth analysis on global maritime, shipping media and much more.
Splash 24/7 » Asia
59m ago
Japan’s Itochu Corp has contracted two ultramax bulk carriers from Chinese builder New Dayang. The shipbuilding arm of state-run machinery manufacturer Sumec Group did not reveal the value but said the deal with the trading house was its second from Japan this year. The yard in Jiangsu has had five ultramaxes in total booked by ..read more
Splash 24/7 » Asia
23h ago
Thai offshore specialist Mermaid Maritime said its local joint venture had secured a one-year contract extension with an oil major in the Middle East. The extension, in direct continuation to its current contract for offshore inspection, repair and maintenance services which commenced in 2012, is worth around $125m to Mermaid. Mermaid will continue to utilise ..read more
Splash 24/7 » Asia
2d ago
Harris Antoniou-led Neptune Maritime Leasing has expanded its operations into Asia and appointed a leading man for the region. The maritime leasing platform hired former ABN AMRO man Chih Keong Kwek as the director of origination in Asia with a base in Singapore. “We are pleased to announce the expansion of our services to Asia ..read more
Splash 24/7 » Asia
2d ago
Offshore rig operator Seadrill has won one new contract and one contract extension for two of its drillships. The West Capella secured a one-well contract in South Korea, with an estimated duration of 40 days, valued at approximately $32m. The deal includes a mobilisation fee of around $10m but excludes fees for additional services. The ..read more
Splash 24/7 » Asia
2d ago
Cambodia is pressing ahead with a canal that will cut its reliance on Vietnamese ports. The 180 km Funan Techo Canal has Chinese backing and will connect Phnom Penh Autonomous Port with Kep and the Gulf of Thailand (see map below). The $1.7bn canal would begin at the Takeo Canal of the Mekong River, pass ..read more
Splash 24/7 » Asia
2d ago
Seabras Sapura, a Brazilian joint venture between Malaysian offshore player Sapura Energy and Paratus Energy Services, has secured contracts with Petrobras for a full fleet of six pipelay support vessels. The contracts worth $1.8bn are for three years, starting on different mobilisation dates according to each of the PLSVs, with the longest dated contract going ..read more
Splash 24/7 » Asia
3d ago
Singapore maritime conglomerate BW Group is separating its offshore oil and gas company BW Energy from its shipping businesses as part of a corporate restructuring. The Andreas Sohmen-Pao-led Group owns nearly 75% of BW Energy following a mandatory offer to purchase shares from its FPSO specialist BW Offshore. The spinoff will not involve any change ..read more
Splash 24/7 » Asia
3d ago
Marine engineering company Incat Crowther and Singapore shipbuilder Penguin International have been hired to design and construct a new 36-metre fast supply vessel (FSV) for O3S – Oil Senegal Support Services The new vessel will be capable of transporting 28 service personnel as well as 20 tonnes of cargo at speeds of up to 33.5 ..read more
Splash 24/7 » Asia
4d ago
Singapore shipyard group Seatrium has secured a contract from Japanese floater giant Modec for work on the Errea Wittu floating production storage and offloading (FPSO) vessel slated for the South American Uaru oilfield. The contract scope, with an undisclosed value, covers the installation and integration of topside modules onboard the unit and includes completion and ..read more
Splash 24/7 » Asia
4d ago
Japanese owner Kasuga Kaiun has returned to Chinese builder New Dayang to order its third ultramax bulk carrier newbuild at the shipbuilding arm of state-run machinery manufacturer Sumec Group. The deal worth about $34m follows New Dayang’s breakthrough into the Japanese market when the same owner signed up for a pair of 64,100 dwt vessels ..read more