Icon Offshore News

Icon Offshore Bhd and its partner FOB Swath Malaysia A/S have agreed to terminate their shipbuilding contract with Denmark-based Danish Yachts AS. Icon-FOB Holdings (L) Inc in which Icon Offshore holds a 51% stake while FOB Swath Malaysia owns 49%, terminated the contract with Danish Yachts to build a fast crew boat due to the latter's failure to construct the vessel in accordance with the technical specification. "Both (Icon-FOB Holdings) and Danish Yachts have agreed to mutually terminate the contract and make full refund of the payment made to date," the company said in a statement. As a result of the shipbuilding contract being cancelled, IFSB intends to terminate the joint venture.

Shipping solutions provider BASS is going deep into Malaysian waters, signing on Sealink Sdn Bhd, a wholly-owned unit of Sealink International Bhd, to equip it with the state-of-the-art Human Resource Management solution, BASSnet  HRM 2.8. The contract, finalized at the end of June, involves equipping the publicly-traded Sealink’s fleet of more than 40 ships with BASSnet  HRM 2.8, the latest edition in Human Resource Management solutions. BASSnet  HRM 2.8, a web-based solution…

Nam Cheong, Malaysia’s largest Offshore Support Vessel (OSV) builder, ends year with record number of sales. Sales of the Platform Support Vessel (PSV) and the two Anchor Handling Towing Supply Vessels (AHTS) are worth a total of US$  56.4-million, bringing the total number of vessels sold this year to 21. The PSV and AHTS vessels are being constructed as part of Nam Cheong's build-to-stock series in one of its subcontracted yards in China. The 5,000 dead weight tonne PSV has been sold to a new customer, one of the major marine services providers to the offshore oil and gas industry in the Asia Pacific region. The two 5,150 brake horsepower AHTS vessels have been sold to Icon Offshore Berhad (“Icon Offshore”), which is one of Malaysia’s largest OSV groups.