Cosco Offers Unconditional Buying of Cogent Shares
The offer by Cosco Shipping International (Singapore) Co. to acquire all the issued ordinary shares of Cogent Holdings has turned unconditional. The former had launched a cash buyout of the latter recently. Bank of China (Singapore Branch), acting on behalf of Cosco Shipping International, says , the offeror has received valid acceptances representing 440.5 million shares or 92.05% of Cogent. "BOC wishes to announce that the Offeror has received valid acceptances (which have not been withdrawn) in respect of such number of Shares which…
GustoMSC Debuts Self-propelled Cantilever Jack-up
The NG-5500X-LD is the latest design in GustoMSC’s series of self-propelled jack-up designs, the NG series. Based on the NG-2500X and NG-1800X designs, the NG-5500X-LD is a solution for light drilling and well intervention in a large number of mature fields in the Southern North Sea, Middle East and South East Asia. The conditions of these fields are characterized by water depths of up to 50 to 80 meters pending the region, traditionally the domain of classic drilling jack-ups and tender barges.
KPI Bridge Oil appoints New Bunker Trader
London, 22 March 2011 – KPI Bridge Oil, a leading global bunker broker and trader has appointed Miss Carmen Poh as Bunker Trader in its Singapore office. Carmen Poh has obtained a diploma in accountancy and has been an ACCA member since 2004. Before joining KPI Bridge Oil, Carmen spent 6 years with PriceWaterhouseCoopers LLP as a Senior Associate working on various assignments across Asia. Carmen, 30, is from Singapore and fluent in English and Mandarin. Kelvin Yeo, Managing Director…
New CEO Arrives at LITE
Louisiana Immersive Technologies Enterprise’s (LITE) newly appointed chief executive officer (CEO), Dr. Kam Ng, has officially arrived and is active in his new position. Ng was selected in April of this year and is joining the LITE team after retiring from the Office of Naval Research (ONR) as the deputy director for research. “I am very excited to bring my expertise in immersive and digital media technologies to Lafayette to help the University and local businesses, large and small,” stated Ng. Ng is relieving Dr. Robert Twilley who has served as the interim CEO for LITE since November 2010.
Marubeni and Teekay Join Sea NG in Global Alliance
Sea NG Corporation said that Marubeni Corporation and Teekay Shipping Corporation have formed an alliance with Sea NG for the worldwide commercial deployment of Sea NG's Coselle system for transporting compressed natural gas (CNG) by ship. The Coselle ship is the only marine vessel fully approved by any international marine classification society for the carriage of CNG. Coselle ships will transport moderate volumes of natural gas (30 to 700 mmscf/d) over medium distances (200 to 1500 miles). Coselle(TM) CNG will economically and reliably serve the segment of the market that cannot effectively be supplied by pipelines or liquefied natural gas (LNG).
Ezra Holdings Chairman Steps Down
Mr. Lee Kian Soo, Executive Chairman of the Company, steps down to be replaced by Mr. Koh Poh Tiong. Ezra is a leading offshore contractor and provider of integrated offshore solutions in the offshore oil and gas industry. The wide range of services that Ezra offers includes subsea construction and maintenance, drilling support, towing and mooring, pipe and cable operations, high speed cargo and crew transportation. Lee Kian Soo, was founder and Executive Chairman of Ezra Holdings with 20 years at the helm. He leaves with the Group in a strong position, having achieved revenues of nearly US$1 billion in Financial Year 2012. Succeeding him is corporate veteran Mr Koh Poh Tiong…
First CNG Carrier Ready for Construction to ABS Class
Canadian-based Sea NG Corporation. is the first full class approval for a CNG carrier issued by the Bureau. later this year. the Caribbean or Mediterranean Seas. well as applicable parts of the ABS Steel Vessel Rules. Carriers. CNG. coiled into a carousel to store the high-pressure natural gas. transport and stacking of the Coselles within the ship. comprise approximately 10 miles of 6-inch diameter pipe. pipe in total). in a fully enclosed and inerted cargo house on the weather deck. vessels will feature a dual fuel propulsion system with bow thruster. manifold system for efficient loading and unloading of the natural gas.
CNG Carrier Construction Contracts to Come
ABS has given full design approval for the class of the compressed natural gas (CNG) carrier designed and developed by Canadian-based Sea NG Corporation. Sea NG is expected to award construction of three Coselle CNG carriers later this year. These first vessels are intended to service projects in the Caribbean or Mediterranean Seas. “We are pleased to bring innovation to the marine gas transportation market by offering a new ship-based gas delivery system that is safe, reliable and economic,” said Dave Stenning, President & CEO of Sea NG. The vessels’ design has been approved to the standards established in the ABS Guide for Vessels Intended to Carry Compressed Natural Gases in Bulk as well as applicable parts of the ABS Steel Vessel Rules.
Ng Pock Appointed Dy Chair of OSS Asia Pacific
OOS International BV has appointed Dr. Ng Pock Too as the Deputy Chairman of OOS Asia-Pacific Private Limited, a subsidiary of OOS International B.V., with effect from 28-July-2016. Dr. Ng will also serve as a supervisory board member to OOS International B.V.. Dr. Ng will play an active role in establishing OOS brand name in Asia Pacific, primarily in the area of business development, partnerships, securing new revenues and strategic funding to enable OOS’s business strategy. “We are extremely delighted and thankful to have Dr. Ng, a dedicated and honourable leader, on board our OOS family.
ACP Appoints Deputy Administrator
The Panama Canal Authority (ACP) Board of Directors has unanimously appointed engineer Jose Barrios Ng as its new deputy administrator after serving as ACP chief financial officer since 2002. He will continue to oversee his former position until a replacement is appointed. Barrios Ng holds a master's in economics engineering from the University of California at Los Angeles, a master's in electrical engineering from Georgia Tech and a degree in corporate finance from the Massachusetts Institute of Technology. Before joining the ACP, Barrios Ng held various top level management positions at Cerveceria Nacional and Cable & Wireless. In a historic move, Panamanians voted on October 22, 2006 to expand the Canal.
Latest Underwater GAPS Launched by iXBlue
iXBlue has launched the next generation of its underwater global acoustic positioning system (GAPS), designated GAPS-NG. The manufacturers say that GAPS-NG, like its predecessor GAPS, is a truly portable and precalibrated ultra-short baseline positioning system (USBL) that incorporates INS and GPS technologies. The system is designed to work in demanding environments, notably acoustically challenging and/or extremely shallow waters, where other systems commonly fall down. “Our overall aim with the new system was to make life even better for the user…
Huat Retires as Non-Ex Dir. of ST Engineering
Singapore Technologies Engineering Ltd (ST Engineering) today announced the retirement of Mr Quek Poh Huat as non-executive Director of the Company at its Annual General Meeting on 23 April 2015. Mr Quek has decided not to seek re-election. The Board of Directors wishes to thank Mr Quek for his commitment and invaluable contributions to the Board and the board committees over the past 13 years since 2002. Mr Quek will continue in his position as Chairman of the Group’s subsidiary, Singapore Technologies Kinetics Ltd.
New NOL Group CEO Takes Over Tomorrow
NOL Group has completed the transition to a new CEO and that Ng Yat Chung will take the helm of the global transport and logistics company October 1, 2011. Mr. Ng, an NOL Executive Director since May, will succeed Ron Widdows who retires from the company Dec. 31. “We have completed the implementation of our executive succession plan and are moving ahead under Yat Chung,” said NOL Chairman Cheng Wai Keung. Mr. Ng, a former Temasek Holdings executive and one-time Chief of Defence Force in the Singapore Army, takes control of a leading name in trade, transportation and logistics. NOL is the parent of APL, the world’s seventh-largest container shipping line. Its other major brand is APL Logistics, the global supply chain management business. NOL designated Mr.
NOL Group Announces Succession Plan for Group CEO
NOL Group announced its executive succession plan to appoint Mr. Ng Yat Chung the next Group President and Chief Executive Officer. Mr. Ng will take over from Mr. Ron Widdows, who will retire from his present post at the end of this year and remain as a Senior Adviser to the Company. Mr. Ng spent 28 years in key leadership roles in Singapore’s Armed Forces (SAF). Prior to assuming his present role as a senior executive with Temasek Holdings, he was Chief of Defence Force from 2003 to 2007…
China, A-P Maritime Security, Discussed at US/Singapore Talks
The United States-Singapore relationship takes on particular importance in light of the Defense Department’s strategic rebalance to the Asia-Pacific, Defense Secretary Chuck Hagel said during a joint press conference with Singapore Defense Minister Dr. Ng Eng Hen. Singapore is making important contributions to U.S. counter piracy efforts in the Gulf of Aden, in addition to being a significant partner in Afghanistan, Defense Secretary Chuck Hagel added. During their meeting, Hagel and Ng also discussed new ways to increase bilateral collaboration in cyber and maritime security.
ST Marine Launches First LMV for RSN
Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Launching ceremony for the first Littoral Mission Vessel (LMV) - Independence built for the Republic of Singapore Navy (RSN). The vessel was launched by Mrs Ivy Ng, wife of the Minister for Defence, Dr Ng Eng Hen at ST Marine's Benoi yard. The ceremony was officiated by Dr Ng Eng Hen and witnessed by the Second Minister for Defence, Mr Lui Tuck Yew…
Keppel To Restructure KHZ Under Keppel FELS
Keppel Corporation Limited (KCL) will restructure Keppel Hitachi Zosen Limited (KHZ) under Keppel FELS Limited (Keppel FELS), the rig building and repair arm of Keppel FELS Energy and Infrastructure (KFEI), to create a global leader in servicing the international marine and offshore market. KCL will transfer its entire 61% interest in KHZ to Keppel FELS immediately upon completion of the privatization of Keppel FELS Energy & Infrastructure Ltd (KFEI) in early to mid November this year. Shareholders of KFEI have given their approval for the delisting of the company on October 5. KCL Executive Director Choo Chiau Beng, said, ?The restructuring…
Singapore Allows USN to Deploy up to 4 LCS from its Port
The Singapore military has agreed in-principle to allow the U.S. The announcement came after a meeting between Singapore’s Defense Minister Ng En Hen and U.S. Defense Secretary Leon Panetta at the Shangri-La Dialogue, a meeting of regional defense leaders here. The LCS will not be based or homeported in Singapore and U.S. crews will live on board the ships for the duration of their deployment, the joint statement said. The navies from both countries “will work together to finalize the deployment details and arrangements,” according to a joint statement released after the meeting. In April, Ng said Singapore had only approved the deployment of up to two littoral combat ships and was still evaluating the Pentagon’s request for an additional two ships.
NOL Appoints New CEO, CFO
Amid a takeover by France’s CMA CGM, Singapore container shipper Neptune Orient Lines (NOL) has named a new chief executive officer and chief financial officer. Nicolas Sartini will take over as chief executive officer, succeeding Ng Yat Chung, who has served as NOL president and CEO since 2011. New chief financial officer Serge Corbel will join Sartini as executive directors of the newly constituted 10-member NOL board. Ng will continue as executive director on the NOL board and will be a special adviser to the new chairman, Rodolphe Saadé, who is also the vice chairman of CMA CGM.
Profile: Paul Wong and Yong Choo Kui: A Tug Building Team
In 2002 Managing Director Yong Choo Kui gained ISO9001 Quality Management Certification at the same time as the Yong Choo Kui (YCK) Shipyard celebrated its 25th anniversary. As the first shipyard in Sibu, Sarawak to gain this certification there is a great sense of pride in the continued in-house quality control as well as in meeting the demands of a wide range of international classification societies. In August the (Nippon Kaiji Kyokai) NK-classed tug Kim Heng 9 is being delivered to her Singaporean owners, Kim Heng Marine Pte. Ltd. Well equipped for harbor work, the 23.5 meter vessel is powered by a pair of six-cylinder Cummins KTA19M1 main engines each delivering 500 hp to open 62-in. propellers through Reintjes WAF264 marine gears.
RMI Registry Strengthens Support for Japanese Owners
International Registries, Inc. and its affiliates (IRI), which provide administrative and technical support to the Republic of the Marshall Islands (RMI) Maritime and Corporate Registries, has appointed a new Technical Officer in its Imabari office, strengthening its support and services for the Japanese ship owning market. “We now have more than 400 employees in our 27 offices worldwide and by hiring an extremely experienced technical officer in Imabari, who understands every aspect of vessel safety and day-to-day operations, we are upgrading our service commitment to our growing number of Japanese owners and operators,” said Bill Gallagher, President, IRI.
Pak Shipbreaking Yards in Dire State
The conditions at the shipbreaking yards in Pakistan are extremely dire, says the annual report by NGO Shipbreaking Platform. As in India and Bangladesh, the yards in Gadani operate directly on the beach without any impermeable and drained working areas protecti ng the sea and sand from pollution. As there is no infrastructure to deal with hazardous wastes in Gadani, dangerous and polluti ng substances such as asbestos, PCBs and residue oils are simply dumped behind the shipbreaking area.
Singapore Wants India to Play Key Role in South China Sea
Singapore Defense Minister Ng Eng Hen said that his country wants India to play a bigger role in the South China Sea, according to a report in the Bloomberg. This statement comes in a time when China generating plenty of anxiety from the other nations in the neighborhood as it isn't just expanding its military reach into the South China Sea; it's rapidly building completely new islands. Ng’s comments follow calls for Japan to separately play an enhanced role in the South China Sea.