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New Funding Needed for Malaysia's Maritime Sector
The local maritime industry needs additional funding as the New Shipping Financing Fund (NSFF) will soon be exhausted. Total loans dispensed under the RM1 billion NSFF have reached RM914.2 million.
India Intends To Become Significant Maritime Player
India’s defense minister declared the country’s intention to be able to project maritime force throughout the Indian Ocean, underscoring the shift toward a littoral-warfare capability.
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…
Aker Kvaerner to Deliver Another Deepwater Drilling Riser
Maersk Contractors has awarded Aker Kvaerner a contract to deliver a spare riser for their ongoing semi-submersible drilling rig building program. The spare riser…
Iran signs $16b LNG deal with Malaysia
Iran and Malaysia's SKS have signed a $16b preliminary deal to develop Iran's southern Golshan and Ferdos gas fields and build plants to produce liquefied natural gas (LNG), according to reports.
Keppel Divests Stake in Ultra Deepwater Tender Rig
Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), will divest its entire 72 percent interest in the rig…
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…
Nepline to Buy Tankers
Nepline is purchasing four aframax tankers, reports said. The company is looking to purchase two new as well as two second-hand aframax tankers. Plans to buy the…
BN Shipyard Awarded Contract
According to Business Times, Boustead Naval (BN) Shipyard Sdn Bhd has landed a shipbuilding contract with a private company. Following a takeover in August last year…
MECC Detains Two Barges
The Maritime Enforcement Coordination Centre (MECC) detained two tugboats for contravening maritime regulations. MECC Director, Laksamana Pertama Mohd Rashid Harun said…
FMH Targets Profit Growth
Freight Management Holdings Bhd (FMH) is targeting a double-digit growth in net profit for the financial year ending June 30, 2007. This is due to its new barge…
Novatug Establishes Tugboat Equipment Sourcing Consultancy
Novatug, the Rotterdam-based specialist behind the design of the revolutionary Carousel towing system for tugboats, has established an international tugboat equipment…
Aker Kvaerner Increases Investments in Malaysia
As a consequence of the positive development in the subsea market, Aker Kvaerner has decided to increase the investment in the new production facility currently…
Hawaii to Host 10th Western Pacific Naval Symposium
The U.S. Navy and Commander, U.S. Pacific Fleet have invited naval leaders from 22 countries to Honolulu for the 10th Western Pacific Naval Symposium (WPNS) to discuss…
GL Appoints New VP
The new Vice President Division East Asia of Germanischer Lloyd is Dr Volkmar Wasmansdorff. As a process engineer with considerable professional experience in Asia…
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…
Germanischer Lloyd Appoints New RM in Malaysia
The new Regional Manager for the Industrial Services of Germanischer Lloyd in East Asia is Bruno Solinas. His primary mission will be to intensify the sustained…
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…
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…
Royal Caribbean to Expand Operations in Asia in 2007
Royal Caribbean International announces its return to Asia in December 2007. The Vision-class ship, featuring the line’s rock-climbing wall and indoor glass walls…