• 2012 May 14 11:10

  Nam Cheong doubles Q1 net profit

  

  Malaysia-based offshore vessels builder Nam Cheong doubled its first quarter net profit and boosted revenue by 145% year-on-year, Seatrade Asia online reports. Net profit for the Singapore-listed company jumped to MYR33.2m ($10.8m) from MYR18.4m in the corresponding period last year. This was achieved on the back of strong revenue growth which soared 145% to MYR205.6m from MYR83.8m.
  
  Nam Cheong said a significant portion of increase in shipbuilding revenue came from a new source: recognition of revenue from the sale of platform supply vessels (PSVs) in 2011.
  
  “Currently, the offshore support vessel (OSV) industry is clearly a bright spot. As Malaysia's largest OSV builder, we are in a strategic position to ride on this robust momentum currently sweeping the offshore industry globally and at home,” said Datuk Tiong Su Kouk, executive chairman and ceo of Nam Cheong.

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2024 November 15

18:00	Hapag-Lloyd CEO expects shipping volume strength to continue
17:35	Bumi Armada and MISC plan merger to boost offshore market position
17:13	Seatrium successfully delivers fifth and final jackup rig for Borr Drilling
16:59	Singapore marine fuel sales hit highest in nine months
16:25	NYK and MTI filed a patent application for a technology for transporting reduced iron by bulk carrier
15:43	LR announces partnership with SHI for floating production and storage system for green ammonia
15:06	COSCO SHIPPING's Chancay Peru Terminal starts operation
14:17	Mitsubishi Shipbuilding holds christening and launch ceremony of LNG-powered Roll-on/Roll-off ship TRANS HARMONY EMERALD
13:44	Cargotec sells MacGregor business to funds managed by Triton for EUR 480 million
13:08	Port of Long Beach reaches all-time record in October 2024
12:34	Ocean Network Express and Seaspan Corporation jointly announce the establishment of ONESEA Solutions
11:42	Allseas installs pipeline for N05-A gas development in Dutch North Sea
11:16	Vessel Performance Solutions to equip 30 vessels of Harren Shipping Services with its VESPER performance management platform
10:43	All American Marine wins contract to build 63-foot hybrid ocean sampling vessel
10:23	ONE launches new service connecting Pakistan and the Middle East
09:59	New electric E-Pusher and barges supercharge ofi’s sustainable cocoa transportation in the Netherlands

2024 November 14

18:00	X-Press Feeders launches three new services
17:24	Norwegian operator Olympic takes delivery of second vessel from Ulstein, using Ulstein TWIN X-STERN® for fuel savings
17:09	KR, HD KSOE, HD HHI, KSS Line, and Liberian Registry partner to develop safety guidelines for ship-to-ship ammonia bunkering
16:32	Kuehne+Nagel acquires majority stake in IMC Logistics
16:12	Hapag-Lloyd posts results for first three quarters of 2024
15:45	HHLA releases results for nine months of 2024
15:25	Technip Energies and SBM Offshore awarded by TotalEnergies for FPSO construction in Suriname
14:46	Hercules Tanker Management orders six more newbuilds from Jiangmen Hangtong shipyard
14:30	CSSC Tianjin's first 16,000 TEU dual-fuel LNG container ship successfully completes sea trials
13:40	Alphaliner releases the latest ranking of the top 100 global liner companies in terms of capacity
13:23	Kpler acquires Spire Maritime to enhance maritime data and analytics capabilities
12:41	MABUX: Bunker price trends in the world's four largest hubs, November 11-15, 2024.
12:41	The second series of prototype trials of the Blue Visby Solution deliver significant savings of GHG emissions
12:21	Port of Hull welcomes two new eco-friendly vessels
11:42	Brunvoll signs contract with Astilleros GONDAN for the delivery of an azimuth thruster package for an Ocean Energy Support Vessel
11:09	Taiwan's Evergreen Marine releases the results for the first three quarters of 2024
10:35	Kongsberg to supply equipment for two new NOAA research vessels
10:13	Panama Canal Administrator highlights new alternative strategic projects at the Houston International Maritime Conference
09:54	HMM's net profit in the first three quarters increased by 308.5% year-on-year

2024 November 13

18:00	COSCO Shipping Energy orders 6 new VLCCs
17:12	ABS, CCS and DNV approve COSCO's 50,000 cubic metre dual-fuel ammonia tanker design
16:47	Odfjell to use digital twins for weather routing on chemical tankers
14:51	Establishing an emission control area for ships in the North Atlantic Ocean could prevent several thousand premature deaths through 2050 - ICCT
14:11	Erma First Group acquires Ecochlor to lead the global BWTS market
13:53	Höegh Autoliners and Fortescue call for faster adoption of clean ammonia marine fuel at COP29
13:24	INEOS and Royal Wagenborg sign multi-year contract for CO2 carrier
12:22	Bureau Veritas acquires technical advisory company Versatec Energy
11:47	Wuchang Shipbuilding launches the large navigation ship of the South China Sea Navigation Support Center
11:24	GTT receives an order from China Merchant Heavy Industry-Jiangsu for the tank design of a new LNG сarrier
10:52	Thecla Bodewes Shipyards successfully launches 5,050dwt vessel 'Iana’ for Transtal Shipping
10:00	ACCIONA to build a new breakwater to shelter floating port terminal in Ravenna
09:21	Bureau Veritas embarks with Selar to certify its pioneering wind and solar powered polar expedition vessel

2024 November 12

18:06	Iraq shortlists 11 firms for Grand Faw port operation, decision in January 2025
17:42	ZeroNorth and Vitol launch digital bunker trial in port of Rotterdam
17:24	LR MDH joins call to accelerate adoption of zero-emission fuels by 2030
16:41	Port of Rotterdam Authority sets tariffs for the next three years
16:25	Vitol Terminal Latvia introduces new aniline transshipment service
15:45	UECC and Daphne Technology join forces to drive advanced emissions monitoring on UECC’s latest vehicle carrier
15:18	Seatrium inks LoI for a Heavy Lift Vessel for Japan’s wind market
14:55	Silverstream and Yiu Lian Dockyards (Shekou) sign MoU to drive Silverstream® System installations
14:13	AD Ports Group delivers record revenue of AED 4.66 bln and total net profit of AED 445 mln in Q3 2024
13:44	BAR Technologies signs an agreement with WindWaves to manufacture new 20 and 24 metre WindWings
12:31	Sanmar delivers powerful escort tug to P&O Maritime Logistics
11:40	e1 Marine and STAX Engineering partner on innovative barge-based emission capture and control project
11:00	New Yangzi Shipbuilding delivers SEASPAN's 12th dual-fuel medium-sized container ship
10:31	Van Oord completes major dredging project in Egypt
10:03	Zhenhua Heavy Industries launched the world's largest piling vessel for CCCC Second Harbor Engineering Bureau
09:49	Telemar announces agreement to install and maintain Sealution’s shipboard data collection technology

2024 November 11

18:00	ADNOC Gas to buy 60% in Ruwais LNG plant
17:18	Strategic Marine signs contract with Mainprize Offshore for six new Supa Swath vessels, with options for six more
17:01	Hanwha Ocean wins 713.5 bln-won deal to build two LNG carriers for Maran Gas Maritime
16:35	One missing after MSDF vessel sinks due to fire off Fukuoka
16:05	Northern European ports in collaboration receive EU funding for onshore power for container ships
15:32	Maersk Tankers to deploy suction sail technology at scale to reduce CO2 emissions