Bryan Lai Chee Yoong
Singapore
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470 followers
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Bryan Lai Chee Yoong reposted thisMODEC Offshore Production Systems (Singapore) / Offshore Frontier Solutions
MODEC Offshore Production Systems (Singapore) / Offshore Frontier Solutions
1yBryan Lai Chee Yoong reposted thisWe are thrilled to announce our participation in the upcoming job fair at Universiti Teknologi Malaysia (UTM)! Whether you’re a going to-be or fresh #Engineering #graduate, we’d love to meet you and discuss how your skills and aspirations align with our vision. At MODEC, we are committed to fostering #innovation, #empowering talent, and creating opportunities for #growth. 📍 Visit us at 𝗕𝗼𝗼𝘁𝗵 𝗦𝟲 and take the first step toward an exciting future with us! When: 29 and 30 April 2025, 10:00 to 16:00 Where: Dataran UTM, Universiti Teknologi Malaysia, Johor Bahru Let’s connect, collaborate, and build something extraordinary together! Check out the MODEC career page (https://lnkd.in/gW264BXU?) for details on our structured development program designed to groom fresh Engineering graduates to become innovative energy contributors and #leaders of tomorrow! #JobFair #CareerOpportunities #WeAreHiring #JoinUs #Malaysia -
Bryan Lai Chee Yoong shared this🚀 Breaking New Frontiers: Our Pioneering Spirit At MODEC, we are not followers — we lead innovations. Innovation is at the heart of everything we do. We are constantly empowering our people to think beyond limits and breaking new frontiers. As a Project Manager at #MODEC #OFS , I have the privilege of leading the execution of a mega FPSO project, supported by a team of highly talented and diverse individuals. This project spans the engineering phase, procurement, construction, commissioning and ultimately the delivery to our client. Mega projects, by their nature, come with a set of unique challenges, and this one was no exception. We were prepared for the complexities and scale that such a project entails, and we were ready to face them head-on. The results of our collaborative efforts and the timely, high-quality decisions we make as a team keep me and my team motivated to continue charging ahead, putting forth our best efforts for the company. Cheryl Obillo, what are you pioneering ? If you’re looking for a dynamic and supportive environment where you can make a real difference and let your pioneering spirit grow, come join us at MODEC. Let's create something amazing together! 🖱 Openings in Malaysia: https://lnkd.in/gxAfhSZx 🖱 Openings in India: https://lnkd.in/gcqu9VXw #JoinUs #CareerGrowth #TeamWork #Innovation #BreakingNewFrontiers #PioneeringSpirit #MODEC #OFS
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Bryan Lai Chee Yoong reposted thisBryan Lai Chee Yoong reposted thisToday is #TBT day! 🎉 🚢 And we proudly share another important milestone achieved by FPSO Raia in October. We successfully completed the laying of the keel of the new hull of the vessel under construction in China. The keel laying ceremony combines tradition with the practicality of naval engineering, marking the formal start of a vessel's erection in a dry dock. Technically, the keel serves as the backbone of the vessel, upon which the hull will be built, and is crucial to ensuring the structural integrity and stability of the vessel. This event was made even more remarkable by the achievement of 3.6 million man-hours without LTI (lost time injury). 👏 FPSO Raia will be delivered to the Raia project, located in the pre-salt layer in the southern part of the Campos Basin, approximately 200 kilometers off the coast of Rio de Janeiro, and permanently moored in a water depth of approximately 2,900 meters. 🌊 This is another step towards the expected production of the first oil, scheduled for 2028! . . Hoje é dia de #TBT! 🎉 🚢 E compartilhamos com orgulho mais um importante marco do FPSO Raia conquistado em outubro. Concluímos com sucesso o batimento da quilha do novo casco da embarcação em construção na China. O batimento da quilha combina a tradição com a praticidade da engenharia naval em uma cerimônia que marca o início formal da construção de um navio. Tecnicamente, a quilha serve como a espinha dorsal do navio, sobre a qual o casco será construído, sendo crucial para garantir a integridade estrutural e a estabilidade da embarcação. Esse evento se tornou ainda mais marcante pelo alcance de 3,6 milhões de horas-homem sem LTI (acidentes com afastamento). 👏 O FPSO Raia será entregue para o projeto Raia, localizado no pré-sal na parte sul da Bacia de Campos, a aproximadamente 200 quilômetros da costa do Rio de Janeiro, e permanentemente atracado em uma lâmina d'água de aproximadamente 2.900 metros. 🌊 Essa é mais uma etapa em direção à esperada produção do primeiro óleo prevista para 2028! #bemodec #offshore #oilandgas
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Bryan Lai Chee Yoong shared thisBryan Lai Chee Yoong shared thisThe first oil from a platform is a moment marked by much expectation and excitement. The start of production also brings a sense of accomplishment for the teams working in the operation and for those involved in the construction and commissioning of the vessel. And it was this feeling that prevailed when our newest platform in Brazilian waters, the FPSO Almirante Barroso MV32, started production on May 31st in the Búzios field, in the Santos Basin pre-salt area. Many thanks to all of you who were and are part of the FPSO Almirante Barroso MV32! :: O primeiro óleo de uma plataforma é um momento marcado por muita expectativa e emoção. Tanto para os times que atuam na operação quanto para aqueles que estiveram envolvidos na construção e comissionamento da embarcação, o início da produção traz também a sensação de dever cumprido. E foi esse sentimento que tomou conta quando a nossa mais nova plataforma nos mares brasileiros, o FPSO Almirante Barroso MV32, iniciou em 31 de maio a sua produção no campo de Búzios, no pré-sal da Bacia de Santos. Nosso agradecimento a todos vocês que fizeram e fazem parte do FPSO Almirante Barroso MV32! #bemodec #beonefleetInício da produção do MV32 é motivo de comemoração!Início da produção do MV32 é motivo de comemoração!
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Bryan Lai Chee Yoong shared thisBryan Lai Chee Yoong shared thisTis' the season to be jolly, joyful and happy! With merriment, exchanging of gifts and spending time with family. For some individuals it can be a very challenging time of year. The gift of your presence (not the gift of presents) can make a difference by showing kindness and care. The reality for many people as we navigate a new normal, this time of year can be a time of intense stress. Maybe, just maybe...the gathering around the Christmas tree or the Christmas dinner may look or feel different this year. A loved one who is dear, is no longer near or the fond memories we once shared are painfully rare. Tis the holiday season, it comes with high expectations of love, cheers, and care...Yes, there might be a family or friend who might just need a helping hand..to be reminded someone cares. A handwritten card to add a bit of cheer or spending time with someone who just moved to your city and might not have a bit of company. Send a text to let them know you are welcome to share in your holiday celebration. My wife and I as a gesture of kindness, care and good cheer, invite international students who are unable to make the trip back home, or recent grads spending their first holiday outside of their childhood home to share. This can make a difference, even though they are away from their families, we have the gift to provide a time for them to experience joy and as we celebrate tis the season, with an extended family of friends with whom they can share. There are those individuals who unfortunately cannot or may not want to return home, things and people change. They may experience a range of emotions from trauma, loss or being estranged. Cheers, care and kindness are important always, and also especially this time of year. The opportunity to help others who don’t have the luxury of jolly, the joy and the cheers at this time of year is a blessing and a gift that keeps on giving. Be the conduit that brings a light of hope, a spark that shows someone cares; and be that lilting charm to let them know that joy can be theirs. Merry Christmas to you and your family (extended)🎁🙏🎁 . #kindness #mindfulness #merrychristmas #happyholidays Disclaimer: I do not own this video. All rights are reserved to the respective owner(s). Original content obtained from open media channel. Thank you.
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Bryan Lai Chee Yoong shared thisBryan Lai Chee Yoong shared thisThis should be the reaction when life challenges you! 👍😂😂 Source : https://lnkd.in/e5n3UKky
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Bryan Lai Chee Yoong shared thisBryan Lai Chee Yoong shared thisThe FPSO Almirante Barroso MV32, our next platform for the Brazilian pre-salt, arrived this Wednesday (5th) in Angra dos Reis, in the state of Rio de Janeiro, where its commissioning will proceed in a local shipyard. The unit will produce the Búzios field and will have the capacity to produce up to 150,000 barrels of oil and 6 million m³ of gas daily. In addition to the MV32, we have more of the projects in commissioning for Brazil: the FPSO Anita Garibaldi MV33 and the FPSO Bacalhau. :: O FPSO Almirante Barroso MV32, nossa próxima plataforma para o pré-sal, chegou nesta quarta-feira (5) a Angra dos Reis (RJ), onde seu comissionamento prosseguirá em um estaleiro local. A unidade produzirá o campo de Búzios e terá capacidade de produzir diariamente até 150 mil barris de óleo e 6 milhões de m³ de gás. Além do MV32, temos mais dos projetos em comissionamento para o Brasil: o FPSO Anita Garibaldi MV33 e o FPSO Bacalhau.
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Bryan Lai Chee Yoong shared thisBryan Lai Chee Yoong shared thisA senior lady and grocery store employee have a stand off every time she comes by shopping.
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Bryan Lai Chee Yoong shared thisBryan Lai Chee Yoong shared thisThe FPSO Almirante Barroso MV32 completed in August one month of its journey from China to Brazil. The newest giant built by MODEC for Brazil still has a long journey ahead of it until it arrives in Angra dos Reis (Rio de Janeiro state), where it will continue its commissioning at a local shipyard. Our expectation is that the vessel arrives in the country in October. Let's check the path he's taking? :: O FPSO Almirante Barroso MV32 completou em agosto um mês da sua viagem da China rumo ao Brasil. O mais novo gigante produzido pela MODEC para o Brasil ainda tem uma longa jornada pela frente até chegar em Angra dos Reis (RJ), onde continuará seu comissionamento em um estaleiro local. Nossa expectativa é a de que o navio chegue ao país em outubro. Vamos conferir o trajeto que ele está percorrendo?
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Bryan Lai Chee Yoong liked thisBryan Lai Chee Yoong liked thisPromoted to Major, Singapore Civil Defence Force. My ORNSmen (Operationally-Ready National Servicemen) journey has been nothing short of meaningful. Currently serving as Deputy Commander of Fire Station while balancing it with my full-time job, has pushed me to grow into leadership, take on intense responsibilities, and step beyond my comfortable boundaries. My recent deployment for the Search and Rescue mission in Myanmar with the Operations Lionheart Contingent, together with years of being in the frontlines, leading, mentoring and guiding, while serving as the bridge between my unit and the ORNSmen, has been a steep and deeply experiential learning journey that shaped me into the leader I am today. Thankful to my Commanders, past and present, Wesley L., Chew Keng Tok, Lee Kian Fatt, Lok Wee Kiong, Quek Wei Liang, Zhi Wei Tay, Raizan Abdul Razak, Tan Loo Pin, Lim Wee Siang, Euan Seloterio, Sheedy Sies, as well as the many mentors and peers I’ve had the privilege to work with over the years, for their trust and belief in me, and for the many opportunities to grow. It is not often I get the opportunity to interact with Commissioner Eric YAP, and this was one of those special moments. Thank you, Commissioner Sir, for recognising and valuing the ORNSmen in your opening speech 🫡. Proud of the milestone. Even more ready of the responsibilies that comes with it.
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Bryan Lai Chee Yoong liked thisBryan Lai Chee Yoong liked thisI’m honored to have had the opportunity to speak on “Delivery Certainty and Zero‑Defect Products — Owner’s Key Requirements for FPSO Topside Modules” and to join the panel at CSSOPE Offshore 2026. Over the years, I’ve seen fabrication in China evolve significantly—from strong baseline capabilities to increasingly sophisticated execution backed by better QA/QC, digital tools, and a growing pool of experienced talent. The scale, pace, and problem‑solving mindset you find in many Chinese yards can be a real advantage when schedules are tight. Key takeaways from the talk and discussion: • MODEC has over two decades of experience with fabrication in China. • A critical milestone for smooth commissioning and achieving first oil—without compromising quality—is the timely completion and handover from construction to integration/commissioning. • We’re collaborating closely with supply chain partners to drive excellence in fabrication across HSSE, quality, sustainability, digitalization, and innovation. Our approach integrates with yard partners and established industry practices and meets operational requirements to drive safer, simpler, faster execution and continuous improvement. In my view, delivery certainty and zero‑defect outcomes hinge on aligning quality standards between local and international suppliers, strengthening planning and controls with construction‑driven engineering and procurement, embedding a right‑first‑time culture to avoid late changes, and starting commissioning at the yard through clean build and robust preservation. Many thanks to the organizers, fellow panelists, and all who contributed to the event. #CSSOPE #Qidong #China #FPSO #FSO #Offshore #Energy #OilAndGas #Fabrication #ZeroDefects #DeliveryCertainty #ExecutionExcellence
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Bryan Lai Chee Yoong liked thisBryan Lai Chee Yoong liked thisThis is us. This is Raia Equinor makes record-breaking foreign investment of NOK 87 billion in Brazil https://lnkd.in/gWKZW4QKTidenes største utenlandssatsing: Equinor pøser 87 mrd. inn i BrasilTidenes største utenlandssatsing: Equinor pøser 87 mrd. inn i Brasil
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Bryan Lai Chee Yoong liked thisMODEC Offshore Production Systems (Singapore) / Offshore Frontier Solutions
MODEC Offshore Production Systems (Singapore) / Offshore Frontier Solutions
1yBryan Lai Chee Yoong liked thisWe are thrilled to announce our participation in the upcoming job fair at Universiti Teknologi Malaysia (UTM)! Whether you’re a going to-be or fresh #Engineering #graduate, we’d love to meet you and discuss how your skills and aspirations align with our vision. At MODEC, we are committed to fostering #innovation, #empowering talent, and creating opportunities for #growth. 📍 Visit us at 𝗕𝗼𝗼𝘁𝗵 𝗦𝟲 and take the first step toward an exciting future with us! When: 29 and 30 April 2025, 10:00 to 16:00 Where: Dataran UTM, Universiti Teknologi Malaysia, Johor Bahru Let’s connect, collaborate, and build something extraordinary together! Check out the MODEC career page (https://lnkd.in/gW264BXU?) for details on our structured development program designed to groom fresh Engineering graduates to become innovative energy contributors and #leaders of tomorrow! #JobFair #CareerOpportunities #WeAreHiring #JoinUs #Malaysia -
Bryan Lai Chee Yoong liked thisBryan Lai Chee Yoong liked this🌟 Exciting news! 🌟 🚢 We are thrilled to share that the FPSO Bacalhau has arrived in Brazilian seas, after starting its journey from Singapore to Brazil, in December 2024. 🎉 This is the 17th platform delivered by MODEC to the Brazilian offshore and the vessel will begin operations in the Bacalhau Field (formerly Carcará), located in the pre-salt region of the Santos Basin, approximately 185 km off the coast of the municipality of Ilhabela, in the State of São Paulo. 🌊 The FPSO is owned by our client Equinor and was built by MODEC with a new generation of longer-life hulls, designed to accommodate larger topsides and with the capacity to produce up to 220 thousand barrels of crude oil per day. 👏 This is another step towards the production of the long-awaited first oil! ✨ . . 🌟 Ótimas notícias! 🌟 🚢 Estamos entusiasmados em compartilhar que o FPSO Bacalhau chegou em mares brasileiros, depois de iniciar sua jornada de Singapura para o Brasil, em dezembro de 2024. 🎉 Esta é a 17ª plataforma entregue pela MODEC ao offshore brasileiro e a embarcação iniciará suas operações no Campo de Bacalhau (antigo Carcará), localizado na região do pré-sal da Bacia de Santos, a aproximadamente 185 km da costa do município de Ilhabela, no Estado de São Paulo. 🌊 O FPSO é de propriedade do nosso cliente Equinor e foi construído pela MODEC com uma nova geração de cascos de vida útil mais longa, projetados para acomodar topsides maiores e com capacidade para produzir até 220 mil barris de petróleo bruto.👏 Este é mais um passo em direção à produção do tão esperado primeiro óleo! ✨ #bemodec #offshore #oilandgas
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Bryan Lai Chee Yoong liked thisBryan Lai Chee Yoong liked this🚀 Breaking New Frontiers: Our Pioneering Spirit At MODEC, we are not followers — we lead innovations. Innovation is at the heart of everything we do. We are constantly empowering our people to think beyond limits and breaking new frontiers. "Making Growth Accessible to More" has been the guiding principle behind the priorities my team and I drive. As a Talent Management Lead, together with the team, I've had the opportunity to design and implement a new organizational-wide learning initiative, cultivate growth-oriented performance mindsets, and drive talent development efforts, in particular women leadership development. I celebrated my one-year mark at MODEC recently. It has been an incredible journey of discovery and partnering with talented leaders to create meaningful impact. Excited to continue this journey, and be part of what's next! 👉 Jolin Ang, what are you pioneering? If you’re looking for a dynamic and supportive environment where you can make a real difference and let your pioneering spirit grow, come join us at MODEC. Let's create something amazing together! Claire Sin Muhammad Adil Bin Muhammad Kamil Marcus Swee Karthik Sarma Raquel Cordeiro Andrezza Fliess Siew Mei Chua Pansy Ong Vasishtha Tandan, GRP, CCP Fauziah R. Sonakshi Bhandari Leila Berkani Chikae Matsubara Vivian Medeiros Fernando Bortoli Cristian Colacarro Bryan Lai Chee Yoong Sripad Muralidharan Raghav V. 🖱 Openings in Malaysia: https://lnkd.in/gP_JaDMb 🖱 Openings in India: https://lnkd.in/g26Cp4Pz #JoinUs #CareerGrowth #TeamWork #Innovation #BreakingNewFrontiers #PioneeringSpirit #MODEC #OFS
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Bryan Lai Chee Yoong liked thisBryan Lai Chee Yoong liked this🚀 Breaking New Frontiers: Our Pioneering Spirit At MODEC, we are not followers — we lead innovations. Innovation is at the heart of everything we do. We are constantly empowering our people to think beyond limits and breaking new frontiers. As a Strategic Sourcing Manager at MODEC Offshore Production Systems (Singapore) / Offshore Frontier Solutions , I have the privilege of working on leading Strategic Sourcing Team and working with internal and external stakeholders to meet company’s strategic goals. Every day brings new challenges and opportunities to grow, and I am constantly inspired by the dedication and creativity of my colleagues. What keeps me going is the incredible support from my team and the shared vision we have for the future. Knowing that we are all in this together and striving towards common goals gives me the strength to overcome any hurdle. ------------------ Muhammad Adil Bin Muhammad Kamil, what are you pioneering? If you’re looking for a dynamic and supportive environment where you can make a real difference and let your pioneering spirit grow, come join us at MODEC. Let's create something amazing together! 🖱 Openings in Malaysia: https://lnkd.in/gkDQhadT 🖱 Openings in India: https://lnkd.in/g5mm_czc #JoinUs #CareerGrowth #TeamWork #Innovation #BreakingNewFrontiers #PioneeringSpirit #MODEC #OFS Come work with us.
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Bryan Lai Chee Yoong liked thisBryan Lai Chee Yoong liked thisWe continue our inorganic investments in the region with our first deal announcement of the year! Hopefully with more to come. Appreciate the hard work from the team. Matthieu Guidetti Sebastian Fleischer, FCCA Nikola Vorkapic, CFA Vinayak Joshi Rong Shen Aleksandra Kozdrowska Kasia Aleksandrowicz-DziubakAccenture to Acquire Staufen AG, Expanding Capabilities for Operational Excellence in Manufacturing and Supply ChainAccenture to Acquire Staufen AG, Expanding Capabilities for Operational Excellence in Manufacturing and Supply Chain
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Modec Offshore Production System Pte. Ltd
Singapore
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Singapore
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Singapore
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Singapore
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Singapore
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Singapore
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Brazil
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China
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China
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Singapore
Education
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University of Technology, Malaysia
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English
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Chinese
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Malay
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Investair
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Conrad Asia Energy, . (ASX:CRD) has provided an operational update on its Mako Gas Project in the Duyung Production Sharing Contract. Key milestones include the successful transport of the MOPU donor rig, ongoing equipment deliveries, and progress on infrastructure to connect the project to Batam's growing gas demand, particularly from the data centre industry. The company reports the project remains on budget and on track for first gas production in Q4 2027. Investair - Know the market before you raise. Capital markets intelligence for ASX-listed companies https://lnkd.in/gGisJZfD #ASX #EnergyInvestment #GasProject #InfrastructureDevelopment #SustainableEnergy
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✨ Shell Powers Yang Ming’s YM Willpower First LNG Bunkering in Singapore! ⚓ A major milestone in the transpacific decarbonization journey has just been reached. Yang Ming Marine Transport Corp. has successfully completed the first LNG bunkering operation for its 15,500 TEU lead vessel, the "YM Willpower," in the Port of Singapore. Supplied by Shell Marine, this operation marks a concrete leap forward for Yang Ming’s "YM ECO Sea" green cargo solutions and its transition toward a low-carbon fleet. 🚢 Key Highlights The operation, conducted at the Singapore anchorage, saw the delivery of approximately 3,500 metric tons of LNG, integrated seamlessly into the vessel’s active liner schedule. 🔹 Quantifiable Gains: The dual-fuel YM Willpower delivers a 20% reduction in CO2, a 99% reduction in SOx, and an 85% reduction in particulate matter compared to conventional fuels. 🔹 Strategic Partnership: Coordinated with the Maritime and Port Authority of Singapore (MPA) and Shell Eastern Trading, demonstrating Singapore's readiness as a premier LNG bunkering hub. 🔹 The "YM ECO Sea" Solution: This vessel powers a new "Book and Claim" mechanism, allowing cargo owners to verify and claim CO2 reductions within their Scope 3 emissions. 🔹 Operational Efficiency: The vessel proceeded immediately to berth for container loading, proving that LNG refueling does not compromise tight commercial turnaround times. 🌍 Why It Matters As the first in a series of 15,500 TEU LNG dual-fuel vessels, the YM Willpower serves as the blueprint for Yang Ming’s future fleet. By aligning with EU RED II requirements and the GLEC Framework, Yang Ming and Shell are providing the transparency and infrastructure needed to de-risk the energy transition for global supply chains. 👇 Follow us for more updates as the industry scales LNG and bio-LNG solutions globally. #Taiwan #Singapore #YangMing #Shell #ShellMarine #YMWillpower #EU #Europe #UK #USA #Rotterdam #Houston #Dubai #LNGBunkering #MPA #ContainerShipping #Decarbonization #GreenShipping #MaritimeNews #EnergyTransition #NetZero #Sustainability #Scope3 #YMECOSea #LNG #MarineFuel #BunkerMarket #SingaporePort #Asia #Europe #Logistics #CleanTech #Bunkering #BunkerFuels #MarineFuels #ClimateAction #ContainerVessel #Boxships https://lnkd.in/dZ--wCaD
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CBL International Limited • Banle International Group Limited
665 followers
Beyond Biofuel: Xiamen Port's LNG Leap and the Multi-Fuel Strategy for Green Shipping Last week's successful LNG bunkering operation at Xiamen Port is more than a local milestone—it's a signal of a broader global shift. In a key milestone for green port development, Xiamen has successfully completed its first bonded LNG bunkering operation for an international vessel. This achievement officially places Xiamen among the select few Chinese ports with this capability and is a vital part of its "Green Xiamen Bay" initiative. By adding bonded LNG to its existing biofuel services, the port has filled a critical gap in its clean energy offerings, establishing a multi-layered green service system of "biofuel + LNG" that significantly enhances its competitiveness in international shipping. As international pressure mounts for the maritime industry to decarbonize, major ports are transforming into integrated clean energy hubs. Xiamen's entry into this elite group directly supports the creation of green shipping corridors, a key topic in recent industry news, where fuel availability dictates trade route viability. This development is a powerful example of the sustainable fuel evolution happening across CBL's network, which includes 13 of the world's top 15 ports including Xiamen. Xiamen’s strategy is a clear blueprint: first, establish a strong biofuel bunkering service to meet immediate demand, then layer on LNG capabilities to cater to a different segment of the fleet. This multi-layered approach is becoming the standard for leading ports worldwide, and we are proud to support it. What We're Seeing in the Market: Biofuel Growth: Adoption continues to accelerate rapidly at key ports in our network, serving as a primary drop-in solution for emission reduction. LNG Infrastructure: LNG bunkering is being strategically implemented at major hubs to support the growing fleet of dual-fuel vessels. Future Fuels: Our exploration of LNG, green methanol, ammonia, and other next-generation fuels is actively progressing in anticipation of future needs. This complex achievement in Xiamen—requiring collaboration between port authorities, customs, and energy suppliers—highlights why specialized bunkering service support is critical. At CBL, we don't set the course; we provide the essential expertise and responsive, flexible services to help our port partners navigate it. We meet the market where it is, supporting its journey with the resources needed at every stage of the energy transition. The green shipping revolution is accelerating, and it's encouraging to see strategic ports like Xiamen taking these critical steps. We look forward to continuing to support ports worldwide as they build out their sustainable fuel capabilities. Read the full news: https://lnkd.in/dG8tvi-i #GreenShipping #LNG #Biofuels #SustainableFuels #PortServices #CBLNetwork #Decarbonization
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Energies Invest
1K followers
In the news: KR, Hanwha Ocean sign MOU for joint development of 18K LNG bunkering vessel: Two cargo containment solutions target growing LNG bunkering demand Korean Register signed a Memorandum of Understanding with Hanwha Ocean to jointly develop two design concepts for an 18,000-cbm LNG bunkering vesse on September 16 at Gastech 2026 in Bangkok. As international regulations on greenhouse gas emissions continue to tighten and the number of LNG-fueled vessels http://dlvr.it/TVZFy0 #LNG #Bunkering #Shipping #Maritime #GreenEnergy
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Conrad Asia Energy
6K followers
Conrad Asia Energy Ltd (ASX: CRD) is pleased to announce that the Company and its majority-owned subsidiary, West Natuna Exploration Limited, operator of Duyung Production Sharing Contract, have approved Final Investment Decision for the Mako Gas Project. Read more: https://lnkd.in/gFPzgCMc $CRD Peter Botten, AC CBE BSc ARSM Miltos Xynogalas Mario Traviati
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Kocheril Shibu
GSPR Infra • 6K followers
Maritime Vision 2047(2)- Greenfield Ship Build clusters and HD Hyundai Mega shipyard at Thoothukudi. FDI frame work , subsidy and infra support- A perspective 1. #HDHyundai announcemnet of HD Korea Shipbuilding & Offshore Engineering (#HDKSOE)) greenfield shipyard in Thoothukudi, TN, is this truly a validation of the government's strategic focus on global shipbuilding or is it the MNCs trying to live on the subsidy. Timeline and Capacity (3.5–4 million GT by 2030) 2. The capacity of 3.5–4 million GT annually is an incredibly high target. Hyundai is a global leader, and would need to aggressively pursue to build a shipyard of this scale within 4–5 years (by 2030) Vessel Output (50vessels/annum): 3. Achieving 50 #vesselsperannum (roughly 1 ship per week) would make this one of the most productive yards in the world. While HD Hyundai is a massive global player, such volume depends on the type of vessels (tankers vs. container ships) and the efficiency of the domestic supply chain, which will need time to develop 4. Revenue Assumptions 1- ($4.0 billion annually): 50 ships at an average of $80 million per ship is $4.0 billion. While a $4B investment for $4.0B annual revenue (a 1:1 ratio) is a solid business case, this depends on securing high-value contracts (like LNG carriers or large container ships) which are notoriously competitive. 5. Equity Structure (MDF 20–25%, TN Gov 10–12%, Total 30–37%): This is cosnidered assumptive at this stage. The project cost is mentioned in reports as $2 billion to $4 billion. Specific equity percentages for the #MaritimeDevelopmentFund (MDF) and Tamil Nadu state government (for land/infrastructure) are not yet officially finalized, although public-private partnerships are expected. 5. "Subsidy Effect" (45–47% of project cost) GOI is pushing for competitive shipbuilding with a new ₹18,090 crore ($2.1B+ USD) financial assistance policy. Total government support, including land, tax holidays, and direct financial assistance for ship construction (ranging from 15–30% of ship cost), could indeed create a massive "subsidy effect". 6. Revenue Assumptions - Profit vs. Subsidy Coverage: Calculation based on Annual Build of 36 ships @ $80 million each Total Annual Output: $2.88 billion (36 ships × $80M). RMS Output (66% Capacity): ~$1.9 billion per year. Government Incentive Value: ~$1.8 billion to $2 billion (upfront land/infrastructure + construction subsidies). Crystal Gazing The business will "give back" the initial government incentive through tax revenue, ancillary industry growth, and employment-related economic activity within approximately 1.5 to 2.5 years of reaching 66% operational output. #POSCO is in discussions with the Tamil Nadu government to set up a steel plant alongside the HD Hyundai shipyard in Thoothukudi to serve as a vendor The project would be the cornerstone of India becoming a global shipbuilding hub
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Admiralty Harbour
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On 5 February 2026, Hilong Holding Limited (1623.HK) successfully completed the terming-out of its c.US$315 million offshore senior notes due 2024. Primarily due to ongoing industry headwinds and legacy capital structure, Hilong Holding defaulted on its c.US$315 million senior notes in November 2024. The Company engaged Admiralty Harbour as its sole financial adviser to negotiate an extension plan with an ad hoc group of noteholders. During the negotiation process, Admiralty Harbour assisted the Company in advancing a series of key execution steps, such as the resumption of the Company’s stock trading, active management of liquidation risks, and the facilitation of a sale of the Company’s marine vessel. With the funds raised from the vessel sale, the Company was able to reach an agreement with the ad hoc group of holders on a notes restructuring plan. The plan was then swiftly implemented via a consent solicitation, securing support from more than 96% of outstanding notes principal. The successful implementation of the transaction once again demonstrated Admiralty Harbour’s capability in navigating complex restructuring situations.
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