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Chuan Hup

Chuan Hup To Buy 20 New Barges & Tugs

Marine shipping company Chuan Hup Holdings expects a new contract to ship coal to Indonesia to contribute significantly to group earnings in 2001, according to a company official. Chuan Hup reportedly has a fleet of about 145 barges, tug boats and other vessels, but would have to add to that to service the new contract. The current estimate calls for about 20 new barges and tug boats.


Chuan Hup Buys Three Ships

Shipping company Chuan Hup Holdings Limited bought three vessels for S$5.8 million in cash, boosting its fleet to 146 ships to cater to growing regional demand for shipping. In October Maritime Week reported that Lim said Chuan Hup signed a contract with Indonesian company PT Adaro to ship coal from Indonesia's Kalimantan to a power station in East Java, and would have to spend some S$40-50 million on 20 new barges and tug boats


Chuan Hup To Buy 20 New Barges & Tugs

Marine shipping company Chuan Hup Holdings expects a contract to ship coal to Indonesia to contribute to group earnings in 2001, the group's finance director, Lim Kwee Siah, said., Lim said the contract was worth an estimated S$300 million in revenue spread over 15 years, or S$20 million a year. "Conservatively, I expect the contract to contribute to group earnings in financial year 2001," Lim said. Talk of the contract had been driving Chuan Hup shares to successive new year highs in


Chuan HUP Subsidiary Sells Entire Stake In Dredging International

Marine transportation services provider, Chuan Hup Holdings Limited (“Chuan Hup” or “Group”), announced that its subsidiary, ACIS Holdings Limited (“ACIS”) has disposed of its entire 10 percent stake in Dredging International Asia Pacific Pte Ltd (“DIAP”) for S$15.2 million. Chuan Hup estimates the net profit before tax attributable to this sale to be S$5.5 million. The cash sale of 6.3 million ordinary DIAP shares, representing 10 percent of the total issued share capital of DIAP


Chuan Hup Unit Secures Patrol Boat Contract

Chuan Hup Holdings Ltd.'s joint venture company Asia-Pac Geraldton Pte Ltd. secured a $11.9 million contract to build seven high-speed patrol boats for the Singapore Police Force (Coast Guard). The company had previously secured a $29.7 million contract to build 18 patrol boats and two command boats for the Singapore police in September 1997, with an option to buy up to another 21 boats. The police force has now exercised its option to buy another seven patrol boats


Industry Leaders Elected To ABS Membership

Sixty-Nine prominent shipping industry executives have been elected as new members of ABS. In addition, Rear Admiral David L. Brewer III, Commander, Military Sealift Command, U.S. Navy, was appointed as a member. This brings the ABS worldwide membership to 803. The members, each eminent in their maritime field of endeavor, provide broad governance and oversight of ABS. Members are drawn from various sectors of the marine, offshore and related industries worldwide. The new members are:


Immarsat FleetBroadband Supports Solo Circumnavigator

Chinese sailor Guo Chuan will attempt to set a new world record by circumnavigating the globe single-handed - with support from Inmarsat Guo's 40-ft yacht will be equipped with a FleetBroadband terminal provided by Inmarsat which will help him send back video and pictures and assist him in plotting a safe course as he attempts to cover 21,600 nautical miles in 130 days. For his latest challenge, Guo, the first Chinese to cross the Atlantic single-handed, in a 21ft (6


Thai Prime Minister Denies Canal Reports

Thai Prime Minister Chuan Leekpai has denied reports that the government plans to build a canal across southern Thailand, bypassing the Malacca Straits shipping lane. He said that while the construction of the canal, estimated at $21.2 billion, is still being studied, it is not a simple issue and requires more research before a decision will be made.


Nautica to Build Two Tugs

Nautica Nova Shipbuilding and Engineering Sdn Bhd has signed a contract to build two tugboats for Multraship Towage & Salvage, a Dutch salvage and towage company. Managing director Chuah Chuan Yong said the company would deliver the first 108.2 ft. tugboat at end-2007. Nautica, which operates on a 13-acre site near Sungai Prai, employs 140 skilled workers, of whom 10% are engineers. (Source: http://biz.thestar.com.my)


Odfjell Orders Six Chem Tankers

Odfjell signed agreements with the Chuan Dong Shipyard to build a series of six plus four optional 9,000 dwt stainless steel chemical tankers for delivery in 2010-2012 at a total price of $180 million. These ships will operate in our regional trades in Asia and Europe, and will replace smaller vessels currently trading in these areas.


China's "Ordinary" Billionaire Behind Nicaragua Canal Plan

 Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off scepticism about how a little-known entrepreneur can be driving a huge transcontinental project, insisting he's not an agent of the Beijing government.  


Luxury Yachts: Design Takes a New Track

Image 1_yacht WEB.jpg

Simutech Solution Corp. uses realistic simulation to craft a better boat While it’s widely recognized that HTC smartphones, Garmin GPS devices and a sweeping array of big-brand laptops are staples of the Made in Taiwan effort, it’s a lesser-known fact that luxury yachts (those


ABS Releases Chemical Tanker e-Learning Package

Photo: MISC Bhd.

ABS, a provider of maritime classification services, launched Chem-eL, a specialized training package designed to support safety and competence in chemical tanker operations. Chem-eL is a sector-specific e-learning marine product developed in accordance with the requirements stated in the


SATs to Acquire Singapore Cruise Center

SATS announced it has through its subsidiaries, SATS Airport Services and SATS-Creuers Cruise Services (SATS-Creuers), entered into a share purchase agreement to acquire the entire issued share capital of Singapore Cruise Center for S$110 million from Temasek.


Chinese Lone Yachtsman Inmarset-sponsored

Yacht Qingdao: Photo credit Gua Chuan Sailing

Chinese single-handed sailor Guo Chuan starts 2013 tackling strong winds & towering waves of the Southern Ocean’s Roaring Forties. The Chinese yachtsman is attempting to set a new world record for solo non-stop circumnavigation of the globe


Sentinel Marine Sell AHTS, Order Two More

Sentinel sell new-build Anchor Handling Towing & Supply vessels AHTS 5150;  order two more AHTS from Nam Cheong Dockyard. Buyers of the AHTS 5150, Hull SK 67, have requested the details of the sale to remain private.


Singapore Group Technology Center to be Set Up by LR

LR, A*STAR Handshake

Lloyd's Register to set up a a world-class Group Technology Center (GTC) in Singapore in collaboration with the Agency for Science, Technology & Research (A*STAR) To maximise the output of the GTC, LR and A*STAR are focusing on four research themes they believe are critical to their


COSCO Sponsors Chinese Sailor's Solo Circumnavigation

A solo, non-stop circumnavigation of the globe, is sponsored by China Ocean Shipping Corporation (COSCO) A Chinese sailor is planning a solo, non-stop circumnavigation of the globe in November, attempting to make the journey in a world-record time for a 40-foot sail boat.


International Bunkering Middle East DMCC Promotes Staff

Mr. Felix Teo Yu Chuan.bmp

International Bunkering based in Dubai, UAE is pleased to announce the promotion of Mr. Felix Teo Yu Chuan to Senior Bunker Trader as from 1st of May 2011. At International Bunkering we acknowledge the value of each of our employees and their contribution to our results.


Campbell Shipping, Heavy Industry Agreement

Bahamian shipowners Campbell Shipping Ltd. signed an order with Zhong Chuan Heavy Industry Shipbuilding Co. Ltd. of Zhoushan for two 32,000 dwt double-hull bulk carriers, with an option for two more. These ships, which will be classed by ABS and fly the Bahamas flag


Singapore Designed, China Built

PutraJaya2_web.jpg

Following a well-established relation, the Guangzhou Panyu Lingshan Shipyard has recently delivered another anchor handling tug designed by Singapores Khiam Chuan Marine. With a 131 ft length overall and a length at the waterline of 124 ft, the M/V Putra Jaya Singosari is registered in Kota


New Boat from Guangzhou Shipyard

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Joining a long list of successful craft from this well-established south China shipyard, the 40-meter Putrajaya Singosari completed sea trials in mid-November of this year. With an 11.8-meter beam and 4.6-meter molded depth, the offshore utility support vessel was built to a design by Khiam Chuan


Cummins China Announces Additional QSK60 Sales

Guangdong Hongsheng Shipbuilding Co. Ltd. have begun building the first of two offshore supply vessels for Yudhi Shipping Pte. Ltd. The broker on the project is Hocean Trading & Development. The first vessel is expected to deliver in July 2008.


Sealink Building Anchor Handling Tug

In early 2008 Sealink Sdn Bhd of Miri, Sarawak, East Malaysia will take delivery of a new anchor handling tug from their own shipyard. The 38-meter tug, with a waterline length o f36.3 meters and an 11.8-meter beam, is the first of three being built to a design by naval architect Khiam Chuan


Malaysian Shipyards Play Catch-up

Thanks to a booming global shipping industry, Malaysian shipyards are working overtime, mostly to meet backlog orders that could stretch well into 2008. The biggest player, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), has a backlog orders






 
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