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PETALING JAYA: Malaysian Bulk Carriers Bhd’s (Maybulk) 21.23%-owned associate PACC Offshore Services Holdings (POSH), which is headed for a listing in Singapore by the end of the month, plans to actively expand its fleet to include deepwater accommodation vessels and break into new markets such as Latin America.
KUALA LUMPUR: Singapore-listed Nam Cheong, Malaysia’s largest offshore support vessel (OSV) builder, won a contract to build two accommodation work barges (AWB) worth US$84mil (RM270mil) for Perdana Petroleum Bhd.
SINGAPORE: Singapore's central bank yesterday raised its inflation forecast for 2011 to 4%-5% from 3%-4% due to higher-than-expected increases in accommodation and private road transport costs.