• 2021 January 16 14:31

    Signing of MoU in relation to 2 units of 250 feet crane barges

    The Board of Directors (the “Board”) of Kim Heng Offshore & Marine Holdings Limited (the “Company” and together with its subsidiaries, the “Group”) is pleased to announce that its wholly-owned subsidiary, Kim Heng Marine & Oilfield Pte Ltd (“KHMO”) had entered into a non-binding memorandum of understanding (the “MOU”) with Hung Hua Construction Co. Limited, Taiwan (“Hunghua”) in relation to the proposed sale of the Group’s two units of 250 feet four point mooring crane barges to Hunghua for approximately US$5.6 million (“Proposed Sale”).

    Pursuant to the MOU, Hunghua shall enter into a formal Memorandum of Agreement (“the MOA”) with KHMO once Maritime and Port Bureau, Ministry of Transportation & Communications (“MOTC”) of Taiwan confirms and approves the importation of the two units crane barges under Taiwan flag. Hunghua has also invited the Group to participate in the full-swing construction of offshore wind energy project and harbour construction in Taiwan where both parties are to maintain a high level of collaboration and cooperation between the parties.

    None of the Directors, controlling shareholders or substantial shareholders of the Company or their respective associates has any interest, direct or indirect, in the Proposed Sale, save for their respective shareholdings in the Company, if any.

    The Company will provide the necessary updates as and when there are material developments to the MOU and or execution of a definitive agreement. Shareholders and potential investors of the Company are hereby reminded to exercise caution when dealing in the securities of the Company. In particular, shareholders and potential investors of the Company are reminded that there is no assurance that business transactions mentioned in this announcement will materialise. Persons who are in doubt as to the action they should take should consult their legal, financial, tax or other professional advisers.

    Signing of MoU in relation to 2 units of 250 feet crane barges

    Pursuant to the MOU, Hunghua shall enter into a formal Memorandum of Agreement with KHMO

    The Board of Directors (the “Board”) of Kim Heng Offshore & Marine Holdings Limited (the “Company” and together with its subsidiaries, the “Group”) is pleased to announce that its wholly-owned subsidiary, Kim Heng Marine & Oilfield Pte Ltd (“KHMO”) had entered into a non-binding memorandum of understanding (the “MOU”) with Hung Hua Construction Co. Limited, Taiwan (“Hunghua”) in relation to the proposed sale of the Group’s two units of 250 feet four point mooring crane barges to Hunghua for approximately US$5.6 million (“Proposed Sale”).

    Pursuant to the MOU, Hunghua shall enter into a formal Memorandum of Agreement (“the MOA”) with KHMO once Maritime and Port Bureau, Ministry of Transportation & Communications (“MOTC”) of Taiwan confirms and approves the importation of the two units crane barges under Taiwan flag. Hunghua has also invited the Group to participate in the full-swing construction of offshore wind energy project and harbour construction in Taiwan where both parties are to maintain a high level of collaboration and cooperation between the parties.

    None of the Directors, controlling shareholders or substantial shareholders of the Company or their respective associates has any interest, direct or indirect, in the Proposed Sale, save for their respective shareholdings in the Company, if any.

    The Company will provide the necessary updates as and when there are material developments to the MOU and or execution of a definitive agreement. Shareholders and potential investors of the Company are hereby reminded to exercise caution when dealing in the securities of the Company. In particular, shareholders and potential investors of the Company are reminded that there is no assurance that business transactions mentioned in this announcement will materialise. Persons who are in doubt as to the action they should take should consult their legal, financial, tax or other professional advisers.


2021 February 26

18:14 CADMATIC issued a certificate to ASCO's SRI Caspian Sea Project
17:56 Fincantieri and OCCAR to sign the contract for the construction of 2 new-generation submarines
17:38 IBIA announces the result of 2021 board elections
17:16 LNG-powered short-sea vessel Containerships Borealis makes first call to the port of Rotterdam
16:53 Volga Shipping Company opens river navigation season in the South of Russia
16:31 Port of Melbourne awards rail infrastructure contracts
16:25 ABS publishes guidance on methanol as marine fuel
16:05 Port of Corpus Christi and Port of Rotterdam sign MoU
15:48 Container giant MSC to open new depot in North Sea Port
15:05 Rosmorport announces changing of Dickson seaport boundaries
14:43 Corvette Stoyky and tanker Kola of RF Navy's Baltic Fleet started anti-piracy watch in the Gulf of Aden
14:19 PortNews offers new edition of its Hydrotechnika magazine
13:30 New edition of PortNews magazine is available now
12:14 CMA CGM to dedicate six new LNG-powered vessels to U.S. services
11:42 CPC system to transport 67.5 mln tons of crude oil in 2021
11:18 MPA awards LNG bunker supplier licence to Total Marine Fuels Private Limited
11:04 Wärtsilä and Ocean Technologies Group partner to deliver transformational learning solutions to improve safety and efficiency at sea
10:45 MABUX: Bunker market this morning, Feb 26, 2021
10:39 Car carrier Orca Ace earns ClassNK's 1st remote survey notation
10:36 Port of Baku Director General held online meeting with members of American-Azerbaijani Chamber of Commerce
10:14 Port of Gdynia welcomes largest single delivery of wind turbine propeller blades in Polish history
09:51 Bunker prices continue rising at the Port of Saint-Petersburg, Russia (graph)
09:32 Oil prices decrease amid dollar rise
09:18 Baltic Dry Index as of February 26

2021 February 25

20:19 Bunker Weekly Outlook, Week 08, 2021
18:37 Port of Oakland boss appointed CAPA Vice President
18:07 Port of Los Angeles announces launch of new ‘Control Tower’ data tool for tracking cargo
17:53 Admiral Nevelskoy ferry leaves Saint-Petersburg for Sakhalin
17:49 BPA reports lowest passenger numbers in 60 years
17:42 Finnlines Plc issues its Financial Statements 2020 and Financial Review for 2020
17:34 Cutting restrictive trade policies could boost global economic recovery from COVID-19 by 3.4%
17:31 ECSA: European shipping is central to the success of EU's new trade strategy
17:20 APM Terminals Algeciras reaches all employees with a safety campaign
16:58 Tallink Grupp reports net loss of EUR 108.3 million for pandemic year 2020
16:41 Terms of references for Klaipeda Seaport's Southern part development to be prepared by American specialists
16:19 BPO’s comprehensive ports report published today
16:15 Hiab to supply MV Commercial with 100 HIAB loader cranes
15:45 Rolls-Royce secures UK MOD funding for innovative technology to support naval autonomy
14:50 Consequences of COVID pandemic affect the Port of Hamburg’s 2020 throughput
14:25 Bunker prices are slightly up at the Far East ports of Russia (graph)
13:13 Nevsky Shipyard delivers Pola Gali, yet another ship of Project RSD59
13:07 DNV GL joins smart maritime network to enhance industry cooperation on digitalization
12:10 ClassNK grants its first remote survey notation for PCC ORCA ACE
11:32 NOVATEK and Shenergy Group sign SPA for LNG from Arctic LNG 2
11:04 “K”Line commences technical management of Singapore’s first LNG bunkering vessel “FUELNG BELLINA”
10:33 Telemar wins 50-vessel service and maintenance contract with Fairplay Towage group
10:21 MABUX: Bunker market this morning, Feb 25, 2021
10:13 BC Ferries releases its third quarter results
09:59 CMA CGM implements FAK rates from the Mediterranean, Adriatic, North Africa & Black Sea to the Indian Subcontinent
09:50 BC Ferries' fifth battery hybrid-electric vessel launched
09:28 Oil market sees mixed price movements
09:12 Baltic Dry Index as of February 24

2021 February 24

18:06 Parkwind selects DEME Offshore for foundation EPCI contract at Arcadis Ost I
17:47 Ministry of Transport of Dagestan looks into organizing sea cruise tourism in Caspian Sea
17:26 ABS to class first ever Jones Act wind turbine installation vessel
17:16 Yangtze River Protection Law will come into force on 1st March, 2021
16:59 Admiral Kasatonov frigate of RF Navy’s Northern Fleet performs long range campaign tasks in Aegean Sea
16:28 Port of Antwerp deploys autonomous drones for safety enforcement
16:15 DFDS aims for greener ferries from alternative fuel project
15:51 Mordraga supports 4th International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor