Massive rebound
Offshore vessel operators are expected to see the market rebound over the next five years.

Jung Sung-leep, DSME CEO

Oil price recovery renews possibility that Angolan oil company could finally take delivery of drillship pair.


Lee Kian Soo, Triyards chairman

Singapore’s Triyards Holdings faces additional creditor claims and is being sued by various parties for at least USD61.7 million

CSBC chairman Cheng Wen-long

Yang Ming Marine Transport and Taiwan International Ports Corporation are joining a Taiwanese consortium in tapping opportunities in the fledgling offshore wind industry.

Petrojarl Varg

Singapore’s Sembcorp Marine has secured a contract from Teekay Offshore to work on floating production storage and offloading unit Petrojarl Varg, which is currently laid up.

CSBC Corporation

CSBC Corporation has found it increasingly difficult to make profits from shipbuilding, so is reducing its focus on this front and diversifying into other areas.

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.