Malaysia: Shin Yang Shipping Buys Over 20 Vessels from Swee Joo Bhd

 

Shin Yang Shipping Corp Bhd (Syscorp) has purchased over 20 vessels from Swee Joo Bhd, one of Sarawak’s oldest and most established shipping firms.

Swee Joo is facing voluntary liquidation due to insolvency since the company has failed to resolve the borrowed amount of RM460mil. Syscorp chief executive officer, Capt Ting Hien Liong, stated that Swee Joo’s vessels were bought for more than RM100mil with bank borrowings and are undergoing maintenance and upgrading works at the value of RM50mil, which will most probably last 6 months. The fleet consists of 4 chemical tankers previously used to transport crude palm oil and products, thus Syscorp now owns and operates a fleet of more than 300 vessels. Three of the acquired vessels have already been put into service.

Last year, Syscorp initiated a RM266mil fleet expansion project, which included the construction of 11 vessels of different types. These incorporated two cargo vessels, five units of 37m anchor-handling tugs, two 23.8m tugboats and two pneumatic cement ships. The expansion is expected to be completed by the end of 2012.

Syscorp, whose parent company is the diversified Shin Yang group, is also doing business in shipbuilding and repair fields. The company owns two shipyards in Kuala Baram, Miri and in Bintulu, which are capable of constructing vessels of up to 15,000 deadweight tones. Apart from these, there is also a third shipyard in United Arab Emirates (UAE) owned and operated by the group.

World Maritime News Staff, February 16, 2012

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SNS2017 – The Southern North Sea Conference & Exhibition

EEEGR’s flagship Southern North Sea conference is the most important event for the energy sector in the East of England. Taking place over two days at the Norfolk Showground Arena in Norwich, SNS2017 will be the largest conference and exhibition EEEGR has ever delivered attracting upwards of 700 delegates from across the industry and supply chain.

Key industry players will gather at this event to discuss and debate issues, network to make new business contacts and re-establish relationships with existing clients.

Why should you attend?

  • Generate fresh leads and meet new contacts in a time and cost-efficient way.
  • Showcase your expertise and share your insights to impress your clients.
  • Meet senior-level delegates looking to learn and seek out new partners.
  • Account manage and liaise with your current clients attending – or bring them along yourself as an account management tool.
  • Months of intensive marketing and advertising to relevant markets ensuring a high level of attendance.
  • Numerous on the day and follow up advertising opportunities available to enhance your positioning.
  • Stay one step ahead of your competitors by being seen and visibly present at the event.
  • Develop your brand and status within industry by being billed as an event sponsor.

SNS2017 – 2 March

Day two of the conference is dedicated to ScottishPower Renewables Supply Chain Event for the East Anglia ONE Wind Farm Project.

ScottishPower Renewables is in the process of finalising its major contracts for the East Anglia One project, and is delighted to announce that these contractors will be attending the ScottishPower Renewables Supply Chain Event at the Norfolk Showground Arena on 2 March 2017.

Occupying the second day of EEEGR’s SNS2017 Conference and Exhibition, the ScottishPower Renewables Supply Chain Event will allow their contractors to engage with businesses and stakeholders in the East of England and further afield as quickly as possible to outline the skills they require and the business opportunities to be created by the project.

Information will be provided on the current status of the project by ScottishPower Renewables Managing Director, Jonathan Cole, and East Anglia One Project Director, Charlie Jordan. There’ll also be information on the scope of works to be carried out, explanations of how to get involved and the opportunity to meet representatives from Seaway Heavy Lifting, Navantia, Lamprell, Harland & Wolff, Roadbridge, Van Oord, Prysmian, VBMS, Nexans, DeepOcean, Peel Ports Great Yarmouth, Siemens and ABPorts.

Up to seven additional suppliers will also be attending, to be confirmed shortly. Opportunities will range from civil and electrical contractors, vessel and ports support, to technicians and logistics.

ScottishPower Renewables is starting construction this year, with the first turbines to be installed by 2019 and the project fully operational during 2020.

Full-access pass holders will be able to take full advantage of the presentations whilst there are also free exhibition-only passes which will give holders the opportunity to network with representatives from these suppliers at their stands. Delegates MUST register prior to the event to be allowed admission. Upgrades of exhibition-only passes may be permissible on payment of the appropriate fee.

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