• 2019 June 18 18:06

    Kim Heng Offshore & Marine Holdings signs MoU with HHC and Thaitan

    Kim Heng Offshore & Marine Holdings Limited, an established integrated offshore and marine value chain services provider, has announced that its wholly owned subsidiary KimHeng Marine & Oilfield Pte Ltd (“KHMO”) had signed a Memorandum of Understanding (“MOU”) with Hung Hua Construction Co. (“HHC”) and Thaitan Drilling Co. Ltd (“Thaitan”) to establish a long term business cooperation.

    HHC  is  a  marine  construction  company participating  in dredging and maritime construction projects. For  more  than  30  years,  HHC  has  been  engaging  in  dredging  of  waterways,  navigation channels,  constructing of  dykes,  foundation  piles,  breakwaters,  projects  of  large  reclamation and port construction.

    Thaitan is a company specialisingin the provision of leading Horizontal Directional Drilling (“HDD”) services.

    The  MOU  is  in  relation  to  the  operations  between  KHMO,  HHC  and  Thaitan  relating  to  HDD projects and marine construction projects.

    KHMO and Thaitan will, as a consortium or joint venture,provide design, engineering, drilling equipment and project technical support to HHC’s HDD projects onshore and offshore.

    KHMO  and  Thaitan will  support  HHC  technically  and  operationally  as  a  preferred  sub-contractor for its future projects in Taiwan.

    HHC will tender for future HDD projects and marine construction projects in Taiwan on behalf of KHMO and Thaitan.

    HHC, KHMO and Thaitan will explore forming a joint venture through a subsidiary registered in Taiwan for future HDD projects and marine construction projects. KHMO,HHC and  Thaitan will  work  towards  signinga  formal  contractual  agreementand  charter party agreements.The MOU will remain in force for a period of one year, and renewable as mutually agreed by the parties.

    About Kim Heng Offshore & Marine Holdings Limited

    With  50  years  of  experience  and  listed  on  the  Catalist  Board  of  the  Singapore  Exchange  Securities  on  the 22nd of  January  2014,  Kim  Heng  Offshore  &  Marine  Holdings  Limited is  an established  integrated  offshore and  marine value  chain services  provider,  engages  in different  stages  of offshore oil and gas projects from oil exploration to field development and oil production. Kim Heng has built its brand over the years and currently caters to world renowned customers from over 25 countries in the regions of Southeast Asia, USA, Latin America, Australasia, Middle East and Europe. TheGroup’s operations are strategically located in Singapore, with two shipyards at 9 Pandan Crescent and 48 Penjuru Road. The shipyards, consists of a combined water front of 205 metres, enable the Group to carry out afloat repairs, fabrication, newbuild, painting and blasting works.


2019 November 13

17:04 LNG market expectations will be framed at the 6th International LNG Congress
16:54 Throughput of port Kaliningrad in Jan-Oct’2019 fell by 21% Y-o-Y to 9.34 million tonnes
16:28 Throughput of port Vyborg in Jan-Oct’2019 fell by 35% Y-o-Y to 1 million tonnes
16:03 MSC Cruises christens MSC Grandiosa
15:29 Innovative solutions for remote inspection: RINA and Kiber team up
15:03 Klaveness to focus their Dry Bulk operator activity on the Panamax to Post-Panamax segment
14:57 Throughput of port Vysotsk in Jan-Oct'2019 climbed by 5% Y-o-Y to 16.15 million tonnes
14:16 HHLA reports 4% growth in container volume to 5.7 million TEUs, revenue up 8.3% to 1 bn euros in Jan-Sept, 2019
13:33 Throughput of port Primorsk in Jan-Oct’2019 grew by 17% Y-o-Y to 51.84 million tonnes
13:12 Ten ports in the Nordic Region agreed upon a declaration focusing on sustainable port management
13:12 Cargo traffic in Ob-Irtysh Basin slightly down to 7.7 million tonnes
12:49 Port of Ust-Luga handled 87.49 million tonnes of cargo in 10M’19, up 7% Y-o-Y
12:24 Throughput of Port St. Petersburg in 10M'2019 grew by 2% to 50.00 million tonnes
12:00 EIB agrees to provide EUR 140 million to support expansion and upgrading of the Port of Piraeus
11:57 MPC Capital acquires stake in tanker specialist Albis Shipping & Transport
11:33 Port of Southampton welcomes MSC Grandiosa on her UK launch
11:08 Net profit of Commercial Port of Vladivostok for 9M’19 totaled RUB 4.64 billion, up 38.7% YoY
10:17 Port of San Diego to add seven alternative fuel vehicles to its work fleet
10:16 Environmental legislation on maritime transport will be reformed – focus on waste management
09:50 Bunker market at the port of Saint-Petersburg, Russia sees mixed price movements (graph)
09:32 Brent Crude futures price is down 0.37% to $61.83, Light Sweet Crude – down 0.33% to $56.61
09:25 MABUX: Bunker market this morning, Nov 13
09:14 Baltic Dry Index is up to 1,354 points

2019 November 12

18:06 Hapag-Lloyd to increase rates from China to Middle East including Red Sea
17:51 Admiral Makarov SUMIS participates in the international investigative project on oil spill response
17:36 Black Bear Carbon announces Port of Rotterdam as preferred location for new rCB plant in The Netherlands
17:20 Throughput of Russian seaports in 10M'2019 grew by 3.2% to 701.6 million tonnes of cargo (detalization)
17:06 MODEC, Mitsui, MOL and Marubeni to proceed with the deepwater FPSO charter project for Búzios field of Brazilian offshore pre-salt oil field
17:05 Peninsula Petroleum Group says is ready for IMO 2020
16:38 Metrans receives the first of ten new Vectron locomotives
15:59 New Joint Guidelines from ICS and OCIMF to improve safety in polar waters
15:31 Diesel submarine of RF Navy’s Pacific Fleet participates in exercised in the Sea of Japan
15:04 NMDC to complete fleet-wide conversion to Thordon seawater lubricated composite cutter shaft bearings
14:38 Krasnoye Sormovo delivers dry cargo carrier of Project RSD59, Aleksandr Sokolov
14:03 Damen Marine Components receives steering system contract for SunStone’s fifth Infinity-class 200 pax polar expedition cruise ship
13:35 Glavgosexpertiza of Russia approves survey findings under project for port construction on Novaya Zemlya
13:09 The Port of Gdansk connects Poland and Singapore
13:06 Bunker prices go down at the Far East ports of Russia (graph)
12:43 NMDC to complete fleet-wide conversion to Thordon seawater lubricated composite cutter shaft bearings
12:28 Admiral Makarov SUMIS confirmed unique competence in dynamic positioning operators training
11:44 RINA works with the National Technical University of Athens to support the future Young Engineers in Greece
11:19 IMO launches online tool to smooth reporting formalities
10:47 Montreal, Canada to host 16th Arctic Shipping Summit on 11-12 March 2020
10:25 Number of new watercraft registrations increasing in Finland
10:23 MABUX: Bunker market this morning, Nov 12
10:01 Hydrographic surveys in the Vuoksi river system to ensure safe navigation
09:42 Fleet Xpress agreement marks new stage in Bourbon digitalisation strategy for offshore
09:32 Brent Crude futures price is up 0.11% to $62.26, Light Sweet Crude – up 0.11% to $56.92
09:16 Baltic Dry Index is down to 1,345 points

2019 November 11

18:33 Alfa Laval opens new global Innovation & Test center outside Copenhagen
18:03 ABS issues industry-leading guide for firefighting for cargo areas of container carriers
17:54 Yantar shipyard launches lead rescue ship of Project 23700 named Voyevoda
17:48 Massterly and the future of autonomous shipping
17:25 Throughput of Russian seaports in 10M’19 grew by 3.2% to 701.48 million tonnes
17:03 Wärtsilä and PSA Marine achieve breakthrough in IntelliTug project
16:44 University of Rochester create a metallic structure that won't sink
16:39 Petersburg Oil Terminal transshipped 5.9 million tonnes of oil products in 9M’19, up 3.5% YoY
16:27 Throughput of port Riga (Latvia) in 10M’2019 fell by 8.7% Y-o-Y to 27.3 million tonnes
16:15 LuminUltra warns of increased microbial influenced corrosion with IMO 2020 compliant fuels
16:08 USCG responds to aground Panamian-flagged cargo vessel north of Fishers Island