SYG expects rising orders for OSVs

Shin Yang's domestic container feeder vessel, MV Danum 112 at Northport wharf. - Filepic

KUCHING: Shin Yang Group Bhd (SYG) is expecting new orders to flow in for the construction of offshore supply vessels (OSVs) and replenishment of ageing OSVs due to rising demand with the recovery of the global oil and gas industry.

Chief operating officer Richard Ling said SYG (formerly Shin Yang Shipping Corp Bhd) has received many enquiries from both Malaysian and foreign companies on the construction of new OSVs and recycling of ageing OSVs.