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Latest From Offshore
The latest shuttle tankers going on charter with Shell are expected to support the energy giant’s drive to lift more crude from its concessions in Brazil
Although Panama leads our Top 10 flag states list for 2019 by about 53m gross tonnes, the difference between the second and third spots is some 8.8m gt, mainly due to the offshore sector's tonnage
While the shipbuilding market continues to foresee weakness, group chief executive Leong Seng Keat is much more upbeat about the chartering segment and the potential for work from offshore platforms
Velesto, on the other hand, expects rig utilisation rate to remain high in 2020 and expects to benefit from the continued demand as one of the more established players in the region
Seven crew were abducted by assailants while the anchor handler was carrying out offshore field operations
Meanwhile, compatriot offshore player Dayang saw vessel utilisation at its OSV unit Perdana Petroleum hit 91% up from 79% in the second quarter of 2019 because of expanded scope of work and synergies with its parent
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