MISC wins FSO time charter contract

Malaysia’s MISC, through joint venture Malaysia Vietnam Offshore Terminal (MVOT), has been awarded a time charter contract by Japanese petroleum company Idemitsu Kosan (IKC) for the provision of a floating storage and offloading (FSO) vessel in Vietnam.

Bumi Armada posts net loss for Q2 2018

Malaysia-based international offshore energy facilities and services provider, Bumi Armada, recently announced a net loss of RM585.5 million (AUD$194.8 million) for the second quarter of 2018. The loss follows profits of RM48.4 million in the first quarter of 2018 and RM116.6 million profit in the second quarter of 2017.

FEATURE | The Sabah question

Who is right in the territorial dispute between the Philippines and Malaysia over Sabah is a question best not asked. In answer, each side will reaffirm their absolute sovereign claim to Sabah, on the northern part of the island of Borneo, and mutual recriminations will result.

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