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World 13 Nov 2019 | 8:08 AM

Italian ship attacked by pirates in Mexico, two crew hurt

MEXICO CITY (Reuters) - Pirates attacked an Italy-flagged offshore supply vessel in the southern Gulf of Mexico, injuring two crew members, the Mexican Navy said on Tuesday, in the latest outbreak of robbery and piracy to hit oil platforms and infrastructure in the area.

Business 19 Dec 2017 | 12:00 AM

Perdana Petroleum shares hit limit down

PETALING JAYA: Perdana Petroleum Bhd’s share price tumbled by more than 30%, after the offshore marine support services provider resumed trading following its two-year long suspension.

Business 06 Jul 2016 | 12:00 AM

Maybulk to stay in the red, says Kenanga

PETALING JAYA: Malaysian Bulk Carriers Bhd (Maybulk) is expected to remain in the red this financial year and next as the outlook for dry bulk and the Baltic Dry Index (BDI) appears unexciting due to the oversupply of vessels and poor demand, affecting charter rates.

Corporate News 23 May 2016 | 8:54 AM

Dayang to divest 25% stake in Perdana Petroleum

KUALA LUMPUR: Dayang Enterprise Holdings Bhd, which is keen to maintain the listing status of its subsidiary, Perdana Petroleum Bhd, will divest at least 25% of the group's total stake.

News 13 May 2016 | 12:00 AM

Dayang may divest stake in Perdana Petroleum

KUCHING: Integrated offshore service provider Dayang Enterprise Holdings Bhd may divest part of its holdings in 98%-owned Perdana Petroleum Bhd to pare down the group’s large borrowings.

Business 08 Dec 2015 | 12:00 AM

SapKen bags RM300mil jobs

The new contracts involve upstream support services

Business 01 Jul 2015 | 1:23 PM

Kenanga Research starts coverage of Bumi Armada

KUALA LUMPUR: Kenanga Investment Bank Research has initiated coverage of Bumi Armada with an Outperform rating and a sum-of-parts driven target price of RM1.55.

Community 26 May 2015 | 12:00 AM

Company sees lower charter rates on over supply of vessels

KUCHING: Sealink International Bhd expects the charter rates for new offshore supply vessel (OSV) contracts to be soft in view of the current excess supply of such vessels.

Business 23 May 2015 | 12:00 AM

Frothy valuations

INVESTORS who has put their money in the Hong Kong Stock Exchange (HKEx) saw it coming. But nobody knew what to do when the stocks that were trading at lofty valuations came crashing down.