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Offshore Energy
Offshore Energy reports that Petronas Carigali, a subsidiary of Malaysia's state-owned Petronas, is divesting a partial stake to SMJ Energy in a production sharing contract for fields off the coast of Sabah. This move, along with another PSC award, enhances Sabah's position as an energy growth hub in Malaysian waters.
Seatrade Maritime
Dynacom has ordered nine suezmax tankers from Hengli, as reported by Seatrade Maritime. The total order includes ten suezmaxes valued between $700 million and $1 billion, with one order placed by an anonymous European owner.
gCaptain
The Indian Coast Guard has seized three tankers involved in oil smuggling, marking the country's first action against the so-called dark fleet, as reported by gCaptain. This move signals India's growing efforts to combat illegal activities in its maritime domain.
Seatrade Maritime
Seatrade Maritime reports a significant decline in Pacific container spot rates from Asia, which is unusual ahead of the Lunar New Year and may lead to canceled sailings and uncertain scheduling. This trend could impact the traditional container trading patterns.
Offshore Energy
Fugro is set to commence geophysical surveys later this month at a 2 GW offshore wind farm site in Scotland, as reported by Offshore Energy. This initiative marks a significant step in the development of renewable energy infrastructure in the region.
Offshore Energy
Jurong Shipyard, a subsidiary of Seatrium, has initiated arbitration proceedings against Petrobras Netherlands over an FPSO deal, as reported by Offshore Energy. The dispute involves the Singapore-based marine solutions provider and a subsidiary of Brazil's Petrobras.
Seatrade Maritime
Wärtsilä has signed a Memorandum of Understanding with the Abu Dhabi Maritime Academy to collaborate on decarbonisation efforts over the next five years, as reported by Seatrade Maritime. The partnership will focus on training, efficiency, and potential government-to-government support.
Offshore Energy
Norwegian vessel owner DOF Group has secured a new contract for an anchor handling vessel in the North Sea and extended an existing assignment for a platform supply vessel off the coast of Australia, as reported by Offshore Energy.
Splash247
Malaysia's MISC has won a contract with ExxonMobil to provide Papua New Guinea's first offshore floating storage and offloading (FSO) unit, as reported by Splash247. The 15-year agreement includes an option for a 15-year extension, with operations set to begin in the first half of 2028 under the Kutubu Pipeline.
Seatrade Maritime
Anemoi has renewed its four-year Frame Agreement with Cosco shipyards, as reported by Seatrade Maritime. This renewal follows nine successful wind-power installations at Cosco yards.
