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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Shin Yang , OSV , oil and gas

Next In Business News

Netflix prepares all-cash offer for Warner Bros, source says
Japan's Nikkei hits record high on loose policy hopes, weaker yen
FBM KLCI holds firm above 1,700
Ringgit opens lower against US$ but higher vs major currencies
Global EV sales growth likely to slow after 20% jump in rocky 2025, research firm says
Trading ideas: Capital A, LBS Bina, Rimbunan Sawit, Selangor Dredging, Vstecs, Velocity, Jetson, PetDag, Foodie Media
Oil prices rise on potential Iran supply disruption
Wall St falls with financials amid credit-card rate plan concern
Govt-linked entities hold key to Sunway’s bid for IJM
Foodie Media� 1Q revenue at RM13mil

Others Also Read