Brent$106.26(≈RM434)▲ +0.46%WTI$94.65(≈RM387)▲ +0.85%Nat Gas$3.32(≈RM14)▲ +2.47%Bunker$892.50(≈RM3,647)—Tapis$86.75(≈RM354)—JKM LNG$26.09(≈RM107)—MGO$1247.50(≈RM5,097)—EU Carbon€88.34(≈RM404)—TTF Gas€86.80(≈RM397)—Diesel$4.96(≈RM20)▲ +2.27%Coal$148.90(≈RM608)—USD/MYR4.0860—US Rigs551▲ +7 M/MRON95RM4.67(≈US$1.14)▲ +3.32% W/WRON97RM5.15(≈US$1.26)▲ +3.00% W/WDieselRM5.27(≈US$1.29)—
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Act 446 After 2020, and the Duty You Cannot Outsource

A modern multi-storey workers accommodation block

An employer who books beds with an uncertified provider has not transferred the problem. The Act places duties on the employer and on the accommodation provider separately, so what outsourcing moves is the building. By MarineCraft Journal  ·  6 October 2026  ·  8 mins read A1604the 2019 amendment that widened the Act to … Read more

HAZID and HAZOP, and What Each Should Actually Produce

Engineer reviewing a document

Both terms get used as though they meant the same thing, usually by people commissioning one and receiving the other. They sit on different standards, belong at different points in a project, and produce different documents. Getting the choice wrong wastes the study. By MarineCraft Journal  ·  2 October 2026  ·  9 … Read more

Escrow and Payment Security in Physical Petroleum Trades

Tanker at sea

A buyer who has learned to spot a fraudulent cargo offer still needs to know what a genuine one looks like when it is properly protected. The answer is usually not escrow, and understanding why is the fastest way to tell the two apart. By MarineCraft Journal  ·  24 September 2026  ·  … Read more

What to Check Before You Accept a Bunker Stem

Fuel loading terminal

A fuel can meet the sulphur limit, arrive with correct paperwork, and still wreck an engine. Since the 0.50% cap reshaped the bunker pool, the operational risk moved from compliance to compatibility, and it is managed before the hose is connected rather than after. By MarineCraft Journal  ·  11 September 2026  ·  … Read more

Local Content and Workforce Sourcing on PETRONAS Projects

Worker on a vessel deck

Local content is usually described as a policy objective. On a live project it behaves as something far more concrete: a set of conditions determining which companies may bid at all, and who they are permitted to put on the job. By MarineCraft Journal  ·  10 September 2026  ·  9 mins read … Read more

Late-Life and Decommissioning Realities for Southeast Asian Offshore Assets

Watching a drillship from shore

Much of Southeast Asia’s offshore infrastructure was built for a design life that has already passed. Those platforms are still producing, which means the operative question is no longer whether they last, but under what conditions they are allowed to. By MarineCraft Journal  ·  9 September 2026  ·  10 mins read Design … Read more