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SBI Offshore ventures into renewable energy business

Singapore-listed offshore services provider SBI Offshore has partnered with GSS Renewables (GSSR) to pursue a solar photovoltaic energy business.
The two companies have incorporated a joint-venture company – Graess Energy – in Singapore with an initial paid-up capital of USD100 divided into 100 ordinary

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July 7, 2015IHS Maritime 360

Bumi Armada signs $755m loan facility

Malaysia-listed offshore services provider Bumi Armada has clinched a syndicated term-loan facility and a standby letter of credit facility for a maximum aggregate principal amount of USD755 million.
The loan facility was signed by its wholly owned subsidiary Armada Kraken Private Limited,

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July 7, 2015IHS Maritime 360

Bumi Armada clinches $755m loan facility

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July 7, 2015IHS Maritime 360

Ezra inks offshore contract in Middle East

Singapore-listed offshore services provider Ezra Holdings has inked a deal with oil company Saudi Aramco for an offshore project in the Middle East.
The long-term agreement with Saudi Aramco was signed by Ezra’s subsea services division EMAS AMC in a consortium with Larsen & Toubro Hydrocarbon

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July 7, 2015IHS Maritime 360

Ezra clinches offshore contract in Middle East

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July 7, 2015IHS Maritime 360

CSBC to build two 1,800 teu box ships for TS Lines

Taiwanese shipbuilder CSBC has inked a deal to build two 1,800 teu container ships with an option for another two with compatriot carrier TS Lines.
This deal is CSBC’s first order for 2015.
The first ship is expected to be delivered in the second half of 2017. However, the price of the

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July 7, 2015IHS Maritime 360

Nandong Mingde Heavy Industry restructuring in doubt

The restructuring of Nantong Mingde Heavy Industry (NMHI) is uncertain as the company has failed to deliver a restructuring plan to its receiver Sainty Marine as scheduled.
As of end of June, Shenzhen-listed Sainty Marine in its stock filing on 8 July said it had not received a restructuring plan

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July 7, 2015IHS Maritime 360

Cargo carriers collide off Southeast China

Two cargo carriers collided off Ningde, Fujian province, in the evening of 6 July.
Chang Fu Xing, a 5,107 dwt vessel carrying ferronickel with 13 crew members, and 15,500 dwt Hong Wei 298 ferrying anthracite coal with 18 crew members collided at Guanjingyang, east off Ningde.
The fore peak of

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July 7, 2015IHS Maritime 360

Dispatches No. 251

Tell us what you think about Crew Connectivity on-board and win a Smart Watch!

How good was the connectivity and communications services you experienced on your last voyage? How easy were … (Read more…)

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July 7, 2015InterManager