• 2012 August 3 10:00

  Malaysia Marine & Heavy Engineering posts 30% fall in Q2 profit

  

  Malaysia Marine & Heavy Engineering (MMHE) saw its second quarter net profit plunged by nearly one-third due to lower earnings from the offshore segment, Seatrade Asia online reports.
  
  Net profit for the quarter fell by 30% to MYR55.3m ($17.6m) compared to MYR79m in the same period of 2011.
  
  Revenue improved slightly to MYR965.7m compared to MYR957.8m a year earlier.
  
  Looking ahead, the Kuala Lumpur-listed company said the renewed focus on domestic E&P development and enhance oil recovery initiatives has created buoyant E&P activities as more projects are expected to move into development phase.
  
  “Our offshore segment is expected to benefit from this through the replenishment of our orderbook,” MMHE said.

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2024 November 7

14:33	Flex LNG agrees to amend the existing time charter agreements for the two LNG carriers
13:41	ADNOC secures 15-year sales and purchase agreement for Ruwais LNG project
13:07	Three fugitive methane detection and measurement technology companies selected for feasibility studies
12:44	Irving Shipbuilding chooses TMC for Canadian patrol ships
12:24	ADNOC awards $490 mln contract to expand world’s largest 3D seismic survey
11:59	First Damen Shrimp Trawler 2607 completes sea trials
11:13	GTT receives an order from a Korean shipyard for the tank design of a new Floating Storage Regasification Unit
10:58	Hapag-Lloyd orders 24 LNG- fuelled boxships

2024 November 6

18:00	DFDS launches a new freight ferry service between Italy and Egypt
17:34	Viking names two newest Nile River ships in Luxor
17:18	Enova grants EUR 65m to five hydrogen projects for maritime fuel in Norway
16:48	COSCO SHIPPING signed a strategic cooperation agreement with BYD
16:25	Shipyards deliver a record 410 container ships in 2024
15:28	Syngenta and Maersk extend partnership in more sustainable and innovative supply chain solutions
14:41	Ports of Szczecin and Swinoujscie post results for the first three quarters of 2024
14:18	China plans to increase low-carbon bunkering capacity at Shanghai Port to more than 1 million tonnes per year by 2030
13:44	Singapore Methanol signs MOU with Global Energy to advance bio-methanol fuel
12:23	Höegh Evi signs MoU with the port of Port-La Nouvelle to develop a floating terminal for hydrogen imports
11:59	TORM capital increase in connection with delivery of one 2015-built MR vessel
11:29	Intra-Asia сontainer shipping market outpaces global growth – Drewry
10:09	ICTSI net income up 31% to US$632.58mln in Jan-Sept 2024
09:04	Guangzhou Shipbuilding completes the annual ship delivery target
08:52	CSSC held naming ceremony for last of 10 container ships built for Seaspan

2024 November 5

18:27	RS successfully completes annual survey of the legendary nuclear-powered icebreaker LENIN
18:24	Expanded emissions rules to be implemented at California ports from January 1, 2025
17:35	COSCO Shipping launches innovative ammonia-fueled ammonia/LPG vessel design
17:19	PIL orders five more LNG dual-fuel vessels from Hudong-Zhonghua Shipbuilding
16:57	Chevron expands supply of marine lubricants to include Port Elizabeth, South Africa
16:29	EDGE Group and Fincantieri sign MoU to jointly develop underwater solutions
15:53	Cadeler signs firm contracts with ScottishPower Renewables for East Anglia TWO foundation and turbine transportation and installation
15:03	Sea1 Offshore steps up with two new vessel orders
14:35	COSCO SHIPPING becomes second largest shareholder of Shenzhen Yantian Port
13:48	MOL (Asia Oceania) invests in joint development/investment 'logistics infrastructure' projects in Southeast Asia
13:13	Kongsberg Maritime propulsion selected for new Peruvian Navy frigate programme
12:53	ADNOC and Masdar collaborate with Microsoft to drive AI deployment and low-carbon solutions
12:24	MOL to build logistic center on Kobe's Port Island
11:19	APM Terminals announces appointment of new Managing Director for Suez Canal Container Terminal
10:42	Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg

2024 November 4

17:27	Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg
15:52	Paradip Port to be fully mechanised by 2030
14:13	Autonomous vessel to sail 1,500 km from Mumbai to Tuticorin
13:48	DPA Kandla in a plan for new container terminal and multipurpose berth with ₹27,000 crore investment
12:18	China's 41st Antarctic expedition begins
10:34	10 years old Meyer Turku aims for carbon-neutral shipbuilding
09:41	Port of Vancouver vessel traffic management system enhances marine safety and trade efficiency throughout Burrard Inlet

2024 November 3

15:57	Babcock completes deep maintenance of Lambeth River Station
14:09	Fincantieri and BQ Solutions sign MoU to advance naval education and training in Qatar 31 October 2024
12:51	Rolls-Royce develops new mtu energy and automation solutions for future submarines
10:19	Cepsa changes its name to Moeve
09:46	Singapore says no oil sightings arising from oil-related incidents

2024 November 2

18:06	Singapore’s first fully electric cargo vessel wins Green Ship Award at SRS Forum
17:20	VTTI looks to buy into LNG terminals in Asia
16:48	Hudong-Zhonghua Shipbuilding signs contracts for 12 large container ships in the past 10 days
16:32	CHIMBUSCO secures its first LNG refueling service in Europe
15:46	SLB OneSubsea awarded subsea boosting contract for bp’s Kaskida project in Gulf of Mexico
15:24	Wilson Sons to start construction of three new eco-friendly tugboats in 2025
14:57	Rem Offshore holds keel laying ceremony for REM Pioneer
12:30	World's first conversion of large container ship to run on methanol successfully completed
11:52	New offshore platform taps into potential of heavy-oil reserves in China
11:24	HRDD completes desulphurization tower system conversion for a PCTC
09:48	TOWT launches its first cargo sailing ship in Le Havre

2024 November 1

18:00	Marlink to deploy Sealink NextGen hybrid solution on 26 tankers for Transpetro
17:38	Austal Australia delivers 8th Evolved Cape-class Patrol Boat to Royal Australian Navy
17:23	Acteon and Applied Fiber enter MoU to collaborate on mooring solutions
16:54	KOTUG International and Maritalia S.A. secure major marine services contract for bp’s Greater Tortue Ahmeyim gas project
16:24	BW LPG takes delivery of vessel BW Chinook from Avance Gas
15:44	HD Hyundai may nearly double shipbuilding capacity in Vietnam
15:24	Samsung Heavy Industries secures $390 mln contract for four Suezmax tankers
14:36	EU imposes duties on unfairly subsidised electric vehicles from China
14:23	Port of Montreal workers at two terminals start new strike