The Board of Directors of Otto Marine Limited announced that its shipyard has, through one of the Company’s wholly-owned subsidiaries, sold a Multi-purpose Field Support and ROV Support Vessel “Otto Explorer 3” to RY Offshore Limited for an aggregate consideration of approximately US$50 million. Upon completion of the sale, the Buyer will charter the vessel [...]
April 2, 2013 | Posted in
Company News,
Contracts & Tenders,
Featured,
News by topic,
Press releases,
Regional news,
Shipbuilding News,
Shipyard News,
South & Central Asia,
Top Stories |
Read More »
Miclyn Express Offshore has announced the completion of upgrading works on MPSV Endeavour. This project was undertaken by a specialised team based in MEO’s Batam shipyard. The team has had previous experience with upgrading works such as jumboisation, DP2 upgrading and complicated vessel conversions. Endeavour has undergone various upgrading works including cable laying and installation [...]
PT Pertamina (Persero) has added another fuel-carrying ship to its armada, marked with the handover of the Mauhau oil product tanker ship, with capacity of 3.500 Long Ton Deadweight (LTDW). The ship was built by national shipyard PT Daya Radar Utama, Jakarta. The Mauhau ship is the 50th ship owned by Pertamina from the total [...]
The Chairman of Drydocks World and Maritime World, Khamis Juma Buamim delivered the key address at the Indonesia Investment Summit. The Summit convened by the Investment Coordinating Board of Indonesia – BKPM – in Jakarta in association with The International Herald Tribune on November 6-7, 2012 and hosted by H.E. Susilo Bambang Yudhoyono, the President [...]
![Indonesia: IFC Makes Investment in PT Wintermar Offshore Marine]()
IFC, a member of the World Bank Group, has agreed to invest $10 million in PT Wintermar Offshore Marine Tbk, to help expand the company’s fleet of support vessels serving the exploration and development of Indonesia’s offshore oil and gas fields and thereby helping the country meet its energy needs. This financing, in the form [...]
New $156 million worth investments aimed at revitalizing the Indonesian shipbuilding industry during 2012 to 2013 period have been announced by the country’s Industry Ministry. Names of three companies to take part in the project have been revealed, those being Dok, Perkapalan Surabaya and Daya Radar Utama, Investor Daily reports. According to the director general [...]
PT Pelindo Marine Services (PMS) has produced two mini dredgers with dredging capacity of 360 cubic meter (m3) per hour valuing IDR1.5 billion. The subsidiary of PT Pelabuhan Indonesia III also managed to book IDR81.8 billion until June 2012. The two mini dredgers will be tested for maintenance of pond depth in Benoa Port in [...]
Hallin Marine, a Superior Energy Services company, receives a major addition to its fleet of subsea operation vessels. Floated for final fit out at Drydocks World (Nanindah, Indonesia) on Tuesday 5 June, CSS Derwent is a compact semi-submersible designed and equipped to meet current and anticipated subsea industry demand. She will be ready for operation [...]
![Indonesia: New 45m Feadship Helix Hosted ViP Guests and Government Representatives]()
Over the last 10 days Northrop and Johnson have been hosting ViP business leaders and Government representatives aboard the 45 metre Feadship Helix. The yacht is one of the finest ever to be opened to distinguished guests in Indonesian waters it has been a unique opportunity to view at first hand the exceptional quality [...]
Indonesian listed shipping company, Arpeni Pratama Ocean Line, is going to get two ships this month as part of its effort to boost its fleet, reports The Jakarta Globe. Oentoro Surya, president director of the company, said that the ships would be delivered from China in the next few weeks with the price tag of $41 [...]
