Bunker delivery

The owners of eight unidentified South Korean bunker trading companies allegedly ran a tax scam that netted them nearly USD1 billion.

POSH owns a fleet of over 100 offshore vessels. Credit: Malushko Igor

There are talks of a merger between Singapore’s PACC Offshore Services Holdings (POSH) and Miclyn Express Offshore (MEO).

CH Offshore operates a fleet of offshore vessels. Credit: Daniel Ferro

Benety Chang, CEO of Baker Technology, will replace James William Noe as CEO and executive director of CH Offshore.

Lewek Constellation

The Oslo Stock Exchange is making a second attempt to delist EMAS Offshore Limited, after having done so in February.

1976-built drilling rig, MTR-2, shown here, was sold for scrap. Credit: FotoFlite

Singapore-listed offshore vessel owner Mermaid Maritime (Mermaid) reported losses for a second consecutive quarter, chalking up USD13.9 million in net loss in the first half of 2018.

windea la cour

Schulte Group’s ship management division has made small acquisitions to expand its presence in more niche sectors.

Hilli Episeyo, the world’s first FLNG conversion

Management of Baku Shipyard has been handed over to SOCAR. However, Keppel O&M continues to maintain an indirect shareholding interest of 8.5% in the shipyard.

Lee Kian Soo, Triyards’ chairman and a founder of the Ezra Group

Singapore’s Triyards has received USD3.8 million in short-term funds and faces a winding-up petition.

Swiber Anne-Christine

Integrated offshore company Kim Heng has bought two more secondhand offshore support vessels, transactions it described as “good value”.

Taiwan’s Port of Kaohsiung

Taiwan International Ports Corporation has decided to lift a longstanding ban on offshore refuelling in waters outside of the harbour to boost Kaohsiung’s share of the bunkering market in the region.