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Vincent Wee
News Editor
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Latest From Vincent Wee
Offshore assets still living out their golden years
While probably not ideal for the market as a whole and not welcome to players with better assets, the recent trends keeps some companies in business during the current tough times
Keppel Offshore wins integration and upgrade deals
The first contract is between Keppel Shipyard and a leading operator of oil and gas production vessels for fabrication and integration work on an FPSO vessel. The second is between Keppel FELS and Diamond Offshore for the upgrade of a drilling semi-submersible rig
The future of the OSV market rests on consolidation
The decisions of owners in controlling the supply side of the equation will also be important and more scrapping is needed in addition to curtailing newbuildings to bring the market back into balance
Golar LNG secures funding for two projects
New Malaysia rail link gives options for shippers
Current volumes are low however and market penetration will ultimately depend on end-to-end supply chain costs, analysts warn
Tougher action urged on misdeclaration of cargoes
The prospect of a major incident happening in port close to a population or commercial centre was brought up as a possible disaster scenario that would quickly change perceptions