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Idle fleet hits new highs as ships return to yards for scrubbers, but supply still outweighs demand
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
Competition regulators are concerned as to whether alternative suppliers will be sufficiently strong to compete as competitors to the proposed merged behemoth
Abu Dhabi Ports Co, Allcargo Logistics, AISSOT, law firm HFW, CMA CGM and the stakeholders driving the Poseidon principles and the Getting to Zero Coalition have received awards at this year’s Lloyd’s List SAMEA Awards
Shipbuilding subsidiary Nam Cheong Dockyard intends to redevelop existing facilities on government land into modern integrated marine engineering and construction resources to buttress the growth of oil and gas industries in Labuan, Sabah, Sarawak and Brunei
On delivery, the converted FSRU will serve a liquefied natural gas import terminal project in Croatia under a 10-year contract
Given recent market strength and yard capacity issues, the company is pushing back some scrubber retrofits into next year
Void sailings and the removal of tonnage for scrubber installations are reducing available slots for shippers
The company, which reported a profit in the third quarter of the year, has completed three out of a total of five scrubber fittings
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