TAS Offshore suffers contract loss for two offshore vessels

Malaysian shipbuilder TAS Offshore has lost a contract for the construction of two offshore vessels.

According to the company’s statement, the contract was for two anchor handling tug oil recovery supply vessels.

In a filing on Bursa Malaysia on Friday, Tas Offshore said its subsidiary TA Ventures had received the notice of termination from QMS1 Offshore Services Limited.

Tas Offshore said that its position is that the “is that the purported Notice of Termination is not valid and the company intends to proceed with legal proceedings.”

The shipbuilder expects the termination to have an impact on its financial results in 2016, but said it is not yet possible to estimate the extent of the impact.

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply