Kuala Lumpur: Low oil prices have forced Malaysia-listed Tanjung Offshore to cancel its plans to take over Bourbon Far East, part of France-based Bourbon Offshore. The two offshore and subsea support ...

Singapore: Falcon Energy's subsidiary Energian today purchased another 0.008% stake in CH Offshore (CHO), the offshore company that has so far rebuffed Falcon's buyout offer. The 56,600 shares were ...

Singapore: Last night over 100 executives from Singapore's maritime and offshore industry attended the launch of Asia’s newest recruitment firm Direct Search Asia. The event was hosted by Direct ...

Singapore: Singapore-based Neptune Orient Lines (NOL) may sell its logistics business to CJ Korea Express, South Korea’s biggest courier delivery company, in an effort to improve its finances. CJ ...

Jakarta: A palm oil carrier that was last month hijacked and stolen has been found in Thailand with its cargo intact. Eight perpetrators onboard the vessel were also apprehended by Thai authorities.

Japan: MOL Logistics, part of major Japanese shipping line, Mitsui OSK Lines, has formed PT MOL Logistics Warehouse, a wholly owned subsidiary, in Jakarta. “The company will… apply the dedicated ...

Singapore: FSL Trust has entered into a time charter agreement with Tesoro Far East Maritime Company, a wholly-owned subsidiary of Tesoro Corporation for the FSL Shanghai, a 115,000 dwt crude oil ...

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Kuala Lumpur: The Malaysian government and Omani investors have shown interests to invest in Bangladesh's shipbuilding sector. Delegates from the two countries showed interest in a tripartite meeting ...

Kuala Lumpur: Malaysia’s UMW Oil & Gas has inked a $20m rig contract with Frontier Oil Corp, which will use the former's UMW Naga 7 jack-up rig for its drilling operations in Calauit field, the ...

Bangkok: Precious Shipping has outlined its mid-term business plans in a note to the Bangkok bourse. While revealing its annual results, where it suffered a 2014 loss of $2.5m, Precious detailed what ...

Singapore: Singapore-headquartered Miclyn Express Offshore (MEO) announced that it has been awarded three contracts to provide anchor handling tug supply (AHTS) services to Chevron in the Gulf of ...