Posted by Joel > 2014-02-16 08:45 | Report Abuse

Market Outlook of OSV Sector In Malaysia.

One of the key drivers for the Malaysian OSV market continues to be PETRONAS, and its plans to develop hydrocarbons offshore with investment of RM5 billion for development of marginal fields and RM 15 billion for the North Malay Basin project.

Recent deals such as the Berantai Oil Field Project which totals US$800million.

Posted by Joel > 2014-02-16 08:46 | Report Abuse

Petronas Carigali and Shell Malaysia to carry out the world’s biggest offshore Enhanced Oil Recovery (EOR) projects in Sabah and Sarawak with total investment of US$12billion which raises the recovery factor to 50% from 36%.

Posted by Joel > 2014-02-16 08:46 | Report Abuse

PETRONAS' expenditure plans at this stage are two pronged; development of deep water reserves offshore Sabah, which will require deep water capable PSVs, and also the re-development of fields which are experiencing declining production.

Posted by Joel > 2014-02-16 08:47 | Report Abuse

Recent tender by PETRONAS calls for provision of about 10 Anchor Handling Tug (AHTS) of 60M with DP 1 capability for 5 years contract.

PETRONAS has stepped up offshore drilling with local and foreign partners. I understand that there are about 25 drill ships operating in Malaysian waters and only one is a Malaysian owned.

Currently there are about 65 offshore support vessels of various types and sizes chartered to Petronas Carigali’s for Hook Up and Commissioning, Development Division only.

Demand for offshore marine vessels will be highly sought-after to support the development activities and largely confined to platform supply vessels (PSVs), accommodation barges/workboats and anchor-handling and tug supply vessels of more than 5,000 brake horse power.


We understand that 10 to 12 PSVs will be needed to support domestic operations, notably in deep water.

Posted by Joel > 2014-02-16 08:48 | Report Abuse

The Malaysia OSV (Offshore Support Vessels) Owners Association, or its acronym "OSV Malaysia" in short was established on 16th June 2011 and has successfully held its maiden Annual General Meeting on 22nd September 2011.

Offshore support vessels (OSV) are ships and various types of marine vessels, designed and built to cater to the needs of the Oil and Gas upstream industry, at sea. The Association forms a crucial part of Malaysia's Oil and Gas industry, especially in the exploration and production sectors.

Posted by Joel > 2014-02-16 08:48 | Report Abuse

PRIMARY OBJECTIVES :
• To provide a collective platform to express common industry concerns for members’ interest and welfare
• To facilitate in promoting research and development in the Malaysianization of technical support and services
• Training and human resources development for OSV industry

Posted by Joel > 2014-02-16 08:49 | Report Abuse

The Association represents the ordinary members of Malaysian ship owners, who own and operate OSVs in providing services in the maritime logistic, accommodation and maintenance facilities.

It encourages other sectors, such as the financial institutions, maritime training institutions, shipyards, marine insurance and vessel classification society, which are engaged in or associated with the Oil and Gas industry, to become its associated members.

OSV Malaysia can be a catalyst for economic growth and interaction within the Oil & Gas industry in Malaysia.

It is especially important as it enables industry players to pull strength and resources together towards the development and expansion of the industry. Towards the end we should facilitate and encourage our players to compete out of our own shore.

Posted by Joel > 2014-02-16 08:50 | Report Abuse

Total Membership Strength as at 25 June 2012 = 23
Total Fleet’s Strength = 200 (Average age = 4.5 years old)
Next 5 years Members Fleet Expansion Plan (2016) = About 80 vessels Total combined group revenue is worth more than RM15billion and a combined group assets worth more than RM 10billion.

About 12,000 employed marine crews serving on all our offshore vessels nationwide.

There are about 49 Malaysian registered companies (including Labuan registered) that own and operate Offshore Support Vessels.

There is a demand for more than 200 vessels in the next five years in Malaysia.

I understand that all our members fleet of 200 units are fully employed.

Posted by Joel > 2014-02-16 08:52 | Report Abuse

ALAM is one of them, % price rebound to RM2.00 something in this year 2014,

Not like 2013 last year already.

Posted by CityTrader > 2014-02-16 09:09 | Report Abuse

Good morning Joel n tq for info.

Posted by wee888 > 2014-02-16 11:17 | Report Abuse

tks Joel for the information. Am a small player, just bgt 3k at 1.55 and will hold until the tp.

Posted by ran777 > 2014-02-17 10:09 | Report Abuse

Very quite. Holding at 70. Will move up or down?

Posted by lee9fold > 2014-02-17 10:12 | Report Abuse

wait for it to consolidate...when the buy/sell forces balance...i guess big players will push once again to higher tp...just my 2c

Posted by ran777 > 2014-02-17 10:53 | Report Abuse

Your 2c shall reflect.

Posted by Dkwee > 2014-02-17 17:13 | Report Abuse

Bad closing for silkhld today...hope tomoro will rebound above 0.70sen......: ))))))

Posted by CityTrader > 2014-02-17 17:39 | Report Abuse

Minor retracement. My perdonal view on the chart is upleg is stil intact. It has not even fallen below 64 thus i m stil confident. My final tp is stil the same 86-96. Trade at own risk.

Posted by nicholas1184 > 2014-02-17 17:48 | Report Abuse

cheers!!!

Posted by lee9fold > 2014-02-17 21:36 | Report Abuse

as we can observe for stock like chhb...brem...go take a look...afta few days of flying...eventually they went down...consolidate b4 it started to fly higher again...i believe this will happen on silkhld...hopefully wont let us wait long...my 2c again :D

Posted by Risk Trader > 2014-02-17 23:26 | Report Abuse

Just hold and add more lot....below 0.70 cent is good price to enter

Posted by lee9fold > 2014-02-17 23:55 | Report Abuse

risk trader...i agree...

Posted by henrytham77 > 2014-02-18 08:04 | Report Abuse

heavy loaded..price between 68-74cents..average 70.5, wish can rebound today:)

Posted by lee9fold > 2014-02-18 08:42 | Report Abuse

haha henry...saw u in inari thread also

Posted by henrytham77 > 2014-02-18 09:07 | Report Abuse

Lee9fold, nice see u here, can this counter break rm1?

Posted by lee9fold > 2014-02-18 09:33 | Report Abuse

can...its the matter of time man

Posted by CityTrader > 2014-02-18 09:43 | Report Abuse

No worries of silk, vol darn slim like paper n good sign during consolidation. No more seller n now we re waiting for big leg to push it up once they complete their accumulation.

Posted by lee9fold > 2014-02-18 10:06 | Report Abuse

yes CT!

Posted by lee9fold > 2014-02-18 10:06 | Report Abuse

whos queing hugely at 675 haha

Posted by henrytham77 > 2014-02-18 10:08 | Report Abuse

thanks bro..i will hold it tight...

Posted by lee9fold > 2014-02-18 10:12 | Report Abuse

lol the queue gone funny

Posted by LTInvestor > 2014-02-18 18:54 | Report Abuse

skyhawk/CT- is this w2 or w4?

Posted by lee9fold > 2014-02-18 18:56 | Report Abuse

now is w2

Posted by Azli > 2014-02-18 19:09 | Report Abuse

Good? Still dropping...

Posted by lee9fold > 2014-02-18 19:18 | Report Abuse

wads skyhawk thought?

Posted by skyhawk > 2014-02-18 20:55 | Report Abuse

Bro lee.....corrections not over yet....

Posted by lee9fold > 2014-02-18 20:57 | Report Abuse

yea...foresee will further dip...how deep will it go?

Posted by skyhawk > 2014-02-18 20:58 | Report Abuse

Now waiting at.....0.58/0.54

Posted by lee9fold > 2014-02-18 21:10 | Report Abuse

u think will enter consolidate stage b4 moving to w3 or direct move into w3 later?
i believe big player still inside waiting for right timing to push up the price?

Posted by CityTrader > 2014-02-18 21:13 | Report Abuse

i have no say but hold only. Hope i dont calc it wrongly or else i m in big shit this round.. :(

Posted by skyhawk > 2014-02-18 21:16 | Report Abuse

Hv to see...if there is strong support at the level mentioned....

Posted by lee9fold > 2014-02-18 21:17 | Report Abuse

so bro skyhawk foresee 64/63 support will be broken coming days?

Posted by skyhawk > 2014-02-18 21:23 | Report Abuse

A resounding YES!!!

Posted by lee9fold > 2014-02-18 21:24 | Report Abuse

need to trade cautiously edi then...thx alot bro skyhawk ;)

Posted by optimus7 > 2014-02-19 01:53 | Report Abuse

56c is possible. sorry. i should say 57c plus minus 2 cents. 85% confidence

Posted by Hitman > 2014-02-19 10:06 | Report Abuse

Q at 0.50..

Posted by LTInvestor > 2014-02-19 10:11 | Report Abuse

wondering why everyone is panicking? toll rate?

Posted by mrlim > 2014-02-19 10:12 | Report Abuse

cheap sales, time to collect . dont wait

Posted by LTInvestor > 2014-02-19 10:34 | Report Abuse

is it due to MIB research report lowball the FY14 profit?

Posted by LTInvestor > 2014-02-19 14:33 | Report Abuse

skyhawk/ct- how to spot the end of corrective wave?

Posted by mrlim > 2014-02-19 14:46 | Report Abuse

hold your shares guys , sell them at low prices, you will regret soon

Posted by lee9fold > 2014-02-19 15:17 | Report Abuse

LT...when vol thin till not much buy/sell...then started to move sideway...then it will form bottom...i guess...