MISC Proposes $973m Deal for Ramunia
MISChas proposed a $973m deal to merge its shipbuilding business with Ramunia Holdings, an oil services company. The merger would expand MISC’s plans to create a regional business building oil rigs to compete against neighbouring Singapore, which is the world’s largest producer of offshore energy platforms. The deal would be a reverse takeover that could allow MISC to list its Malaysia Marine and Heavy Engineering unit under the Ramunia name in hopes of copying the success of Keppel Corp and SembCorp Industries, Singapore’s biggest oil rig builders, which saw a sharp rise in their shares last year due to higher oil prices. However, the…
Malikai TLP Float-Off in Malaysia
InterMoor completed its involvement in the Shell Malikai Tension Leg Platform (TLP) float-off operations. The TLP was loaded onto the Dockwise Heavy Lift Vessel White Marlin at Malaysia Marine and Heavy Engineering (MMHE) shipyard in Pasir Gudang, Malaysia, and transported to a float-off location in the Singapore Straits. Contracted by TMJV, a joint venture between Technip and MMHE Shipyard, InterMoor Pte was responsible for the marine aspects of the float-off and tow of Shell’s…
Fabricators in Danger of Losing Out on Oil Rig Boom
According to the Edge Daily, Malaysia oil rig fabricators need to upgrade their services and technology or lose out on fast-growing global demand for shallow, deep-water and ultra-deep oil rigs, an industry researcher said. The industry estimates expect some 15 new rigs and 70 platforms to be installed in the next five years alone to cater to the Malaysian deepwater sector, according to Maritime Institute of Malaysia (MIMA) research. The major local players are MISC Bhd subsidiary Malaysia Marine & Heavy Engineering Sdn Bhd (MMHE), Sime Darby Bhd subsidiary Sime Darby Engineering Sdn Bhd, Muhibbah Engineering (M) Bhd and Ramunia Holdings Bhd. Source: The Edge Daily
MMHE Eyes Partnership
According to Business Times, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), a wholly-owned unit of MISC Bhd, is seeking to collaborate with other shipyards in the country in the construction of deepwater facilities for the oil and gas industry. MMHE managing director and chief executive officer Wan Yusoff Wan Hamat said the company is making contacts with local shipyards. He did not identify the shipyards, but indicated that collaborations will be in deepwater projects in line with the company's target to become the region's centre of excellence for deepwater support services and maritime repairs. Recent discoveries of deep-sea wells have pushed up demand for offshore facilities such as production platforms, semi-submersible rigs and drilling rigs.
Norad Backs Marine Environment Protection in Southeast Asia
A new International Maritime Organization (IMO)-Norwegian Agency for Development Cooperation (Norad) environmental project in Southeast Asia is set to begin, to support seven countries to protect the marine environment from shipping operations. The four-year project will focus on enhancing the countries’ capacity to implement a number of high-priority marine environment conventions, including the International Convention for the Prevention of Pollution from Ships (MARPOL); the Anti-Fouling Systems Convention…
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, which will keep it busy until the middle of 2008. Then there's mid-size Muhibbah Marine Engineering Sdn Bhd, with an order book of RM130 million that will last until early 2008. But a look at today's marine construction order book reveals that Malaysian shipbuilders have not managed to keep up with the other major regional players. According to Muhibbah Marine shipyard general manager Ooi Kien Chuan, Singapore has had a head start over Malaysia as far as shipbuilding and marine engineering market share is concerned.
Malaysia Deepwater Project Contract for Technip J/V
Technip in a Joint Venture with MMHE awarded substantial contract for the Malikai Project in Malaysia. Technip in a joint venture with Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) has been awarded a substantial contract by Sabah Shell Petroleum Company Ltd (SSPC) for the engineering, procurement and construction of a tension leg platform (TLP) for the TLP Malikai Deepwater Project. This TLP will be designed as a fully-manned platform to be installed 110 kilometers offshore Sabah, Malaysia, at a water depth of approximately 500 meters. It will weigh approximately 26,000 metric tonnes incorporating a topsides, which will have facilities to process 60,000 barrels of oil and 1.4 million cubic meters per day of gas, and a hull. The tendons will be fabricated in the U.S.
SapuraCrest, Ramunia Awarded Contracts
Two oil and gas players, SapuraCrest Petroleum Bhd and Ramunia Holdings Bhd, announced major contracts related to the industry worth $120 million and $24 million respectively. SapuraCrest said its 51%-owned unit Tioman Drilling Co Sdn Bhd had been awarded a contract from Carigali-Triton Operating Co Sdn Bhd (CTOC) for the provision of two drilling units– Teknik Berkat and a new mobile drilling vessel, known as T-10 – to CTOC. Tioman is a joint venture between SapuraCrest and Norway's Smedvig group. SapuraCrest, through its 51%-owned subsidiary Crest Tender Rigs Pte Ltd, has awarded a contract worth $48.8 million to Malaysia Marine and Heavy Engineering Sdn Bhd to construct T-10.
MMHE Now Has LNG Drydocking And Refurbishment Capability
Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), a wholly-owned subsidiary of MISC Bhd, has successfully completed a post gas trial inspection and final docking works on a liquefied natural gas (LNG) tanker at its shipyard in Pasir Gudang. The success was the first to have been achieved by a Malaysian shipyard and was capped with the naming ceremony of the LNG tanker Seri Anggun at the shipyard, also another first in the country. The company said only a few shipyards in this region today have the capability to carry out LNG tanker drydocking and refurbishment, and that capability is now available in Malaysia. MMHE recently completed the fabrication of the hull and mooring system of the Truss Spar Deepwater Floating Production Platform for the Kikeh oil field offshore Sabah…
Yinson to Take Over Layang FPSO from THHE
Malaysia’s Yinson Energy Sdn Bhd plans to take over the Layang floating production storage and offloading (FPSO) project from TH Heavy Engineering Bhd (THHE) Edge Markets reported. THEE, which has the Layang FPSO contract with Japan’s JX Nippon. has applied to Kuala Lumpur High Court, Malaysia to allow it novate the contract and deliver the vessel to Yinson. Yinson has confirmed this in the Bursa Malaysia filing on Wednesday, saying it has no objection to the THHE application.
MMHE Develops as Deepwater Center
MALAYSIA Marine and Heavy Engineering Sdn Bhd’s (MMHE) recent commission to construct a semisubmersible vessel for the Gemusut deepwater facility will equip the company with the last capability it needs to be a full-fledged deepwater center, according to a report on www.btimes.com.my. “Kikeh was the first, where we saw the spar technology transfer from Finland, so now we can build a spar anytime.” “So from Gemusut, once we do the semisub we will have semisub capabilities and once we have that we can do anything in deep water,” MMHE marketing and sales general manager Manoel Gomes told reporters, according to www.btimes.com.my. MMHE plans to cut steel in January 2007 and deliver it by June 2010.
Salvors Seek to Recover Tin Cargo
Innocap has entered into an agreement with a company in Singapore to assist in the recovery of a large shipment of tin from a sunken ship that is believed to be in the waters between Indonesia and Malaysia, announced Innocap president, Paul Tidwell. Innocap said it will receive 40 percent of the proceeds of the salvaged cargo after payment of all expenses related to the salvage effort. The parties will also use a portion of the proceeds from the salvaged assets equal to $600,000 to recover another sunken cargo believed to have sunk in the South China Sea.
IE Profits from Offshore Focus
As Intelligent Engineering (IE) prepares to carry out another drilling rig repair using its SPS Overlay technology in the reinstatement of the pipe-rack deck on board the Pride South Atlantic, a semi-submersible unit belonging to Pride International, the company's recent focus on the offshore sector is clearly paying dividends. Work on board the Pride South Atlantic, commencing in early July, is the latest in a series of new offshore contracts and will involve the reinstatement of a 490 sq. m. deck area to be carried out at the Maua Jurong facility in Niteroi, close to Rio de Janeiro in Brazil. Denis Welch. "One, a significant percentage of the world's mobile offshore drilling units (MODUs) are 20 years old or more and require steel upgrades and reinstatements.
Aker Solutions Wins Contract from Daewoo
Aker Solutions Malaysia Sdn Bhd has won a contract from Daewoo Shipbuilding & Marine Engineering (DSME) Malaysia Star reported. Aker Solutions opened a hi-tech manufacturing center at the Port Klang Free Trade Zone last year. Aker Solutions said the contract was for the delivery of a complete deepwater marine drilling riser system with a buoyancy package and associated equipment. This is the fourth similar contract from DSME to Aker Solutions this year. Source: Malaysia Star
Evergreen Launches New Shipping Route in SE Asia
Taiwan's Evergreen Marine Corp. is launching a new service soon to Vietnam, Singapore and Malaysia in a bid to tap into the booming economy in the Association of Southeast Asian Nations (ASEAN). Starting today (May 10), two 1,164 twenty-foot equivalent unit (TEU) vessels will take turns to ply the new route once a week, the shipping company said. It said the vessels will alternate on the weekly route from Haiphong in Vietnam, to Ho Chi Minh City also in Vietnam, Port Klang in Malaysia, Singapore, Tanjung Pelepas in Malaysia and back to Haiphong, taking 14 days to make the trip.
Malaysian Educators on Course for Energy-Efficient Shipping
An International Maritime Organization (IMO) workshop is training Malaysia’s maritime educators to introduce the topic of energy-efficient ship operation into their teaching curriculums. The workshop, taking place in Kuala Lumpur (20-21 February), was developed under IMO’s GloMEEP project and supports maritime training institutes to deliver the IMO Model Course 4.05 to seafarers. The course consists of a series of lectures, interactive exercises and videos to enhance the learning experience and ensure crews are adequately trained to contribute to efficient shipping.
IMO Training in Malaysia
An International Maritime Organization (IMO) training in Malaysia has seen port State control officers practice inspecting air pollution and energy efficiency rules aboard a container ship in Johor Port. The participants from across Malaysia have been taking part in the three-day workshop (13-15 February) focusing on how to effectively enforce IMO’s MARPOL Annex VI regulations. The interactive workshop included class-based lectures and exercises, as well as practical training on board…
Radio Holland Opens Malaysia Office
Radio Holland Group opened a new office in Malaysia on February 26, 2004, the 49th branch office of the Radio Holland Group. The official opening took place at the Tanjung Puteri Golf Resort, Pasir Gudang, Johor. Present as a guest of honor was Dato’ Mohd Taufik Abdullah, Chairman of the Port of Tanjung Pelepas and Executive Chairman of Johor Port. He performed the official opening together with Mr. David Slager, Chairman of the Board and CEO of the Radio Holland Group. Approximately 100 guests from Malaysia and Singapore attended the event. Radio Holland Malaysia is Radio Holland’s response to the increasing marine activities in Malaysia and specifically in the Port of Tanjung Pelepas, which had another record-breaking year in 2003 with an annual throughput of almost 3.5 million TEU.
China's Assertiveness Hardens Malaysian Stance in Sea Dispute
The submerged reef would be easy to miss, under turquoise seas about 80 km (50 miles) off Malaysia's Borneo island state of Sarawak. But two Chinese naval exercises in less than a year around the James Shoal have shocked Malaysia and led to a significant shift in its approach to China's claims to the disputed South China Sea, senior diplomats told Reuters. The reef lies outside Malaysia's territorial waters but inside its 200 nautical mile exclusive economic zone. The latest incident in January, in particular, prompted Malaysia to quietly step up cooperation with the Philippines and Vietnam, the two Southeast Asian nations most outspoken over China's moves in the region, in trying to tie Beijing to binding rules of conduct in the South China Sea, the diplomats said.
Hartings U.S., Canada Manager, PPG Coatings
PPG Industries’ (NYSE:PPG) protective and marine coatings (PMC) business has appointed Michael T. Hartings as general manager, PMC, United States and Canada (USCA). Hartings began his career with PPG in 1992 and has served in several managerial roles of increasing responsibility in the United States and Asia. Most recently, Hartings was general manager, PPG Coatings Malaysia, where he led the automotive and industrial coatings businesses in Southeast Asia. Hartings will be relocating from Kuala Lumpur, Malaysia, to PPG’s corporate headquarters in Pittsburgh, Pa. (www.ppgpmc.com)
Report: Malaysia to Boost Shipbuilding
Malaysia plans to boost its shipbuilding and repair industry through regulatory intervention and incentive packages for investment and human capital development,Bloomberg is reporting. The government has developed a plan in conjunction with the Association of Marine Industries of Malaysia which aims to generate $2b of gross national income and 55,000 jobs by 2020, the news agency reported. Key contributions will come from an expected uptrend in building and repairing oil and gas support vessels for energy exploration and replacing state-owned Petroliam Nasional Bhd.’s vessels.
Radio Holland Group Opens New Office in Malaysia
Radio Holland Group has opened a new office in Malaysia on February 26. It is the 49th branch office in the worldwide organization of the Radio Holland Group. The official opening of the Malaysian office took place at the Tanjung Puteri Golf Resort, Pasir Gudang, Johor. Present as a guest of honor was Dato’ Mohd Taufik Abdullah, Chairman of the Port of Tanjung Pelepas and Executive Chairman of Johor Port. He performed the official opening together with Mr. Group. Approximately 100 guests from Malaysia and Singapore attended the event. Radio Holland Malaysia is Radio Holland’s response to the increasing marine activities in Malaysia and specifically in the Port of Tanjung Pelepas, which had another record-breaking year in 2003 with an annual throughput of almost 3.5 million TEU.
Malaysian Contract for Kongsberg
Kongsberg Maritime has been awarded a contract by HJS Maritime SDN. BHD, Malaysia to deliver two Polaris Ship's Bridge Simulators for use in a new centre of excellence being built for the Malaysian Marine Department. This key contract follows the recent installation of the world's largest 360° marine navigation simulator at the Maritime Academy of Asia and the Pacific (MAAP), Philippines and reflects Kongsberg Maritime's leading marine simulation position in Asia. The contract…