Singapore: Swiber secured a contract worth approximately $175m for offshore engineering, procurement, construction, and installation (EPCI) works in Indonesia, following a successful bid made jointly with consortium partner PT SMOE Indonesia.
Hong Kong: Titan Petrochemicals unit Sino Venus is cutting short five bareboat charters from Oceanic Shipping with effect from 1 June 2012.
Beijing: The tussle over the berthing of Vale's giant iron ore carriers may finally be over with China's transport ministry approving plans to build berths for iron ore vessels of up to 400,000 dwt at its eastern Ningbo-Zoushan port.
Kuala Lumpur: Malaysian Bulk Carriers has to settle for a softer set of results in the first quarter due largely to lower charter rates compared to a year ago.
Singapore: Singapore's Keppel FELS won a $560m contract from Maersk Drilling Holdings Singapore to build an ultra-harsh environment jackup rig, plus an option for a sister rig.
Kuala Lumpur: Malaysian product tanker owner and operator Global Carriers narrowed its first quarter net loss to MYR4.8m ($1.5m) from MYR6.9m in the previous corresponding period.
Jakarta: International Container Terminal Services Inc (ICTSI) is tying up with one of Indonesia’s largest port developers for the operation and management of its recently acquired facility in Jakarta.