Shipping & Marine

Keppel ends management deal with Baku Shipyard
9 Aug 18
It cannot meet the new operational requirements of the shipyard's development.
Vard Holdings loses free float
8 Aug 18
About 91.91% of the shares are now owned by Fincantieri.
Vard Holdings expected to delist by 10 August
3 Aug 18
The exit offer from its parent firm will be closed by 8 August.
Sembcorp Industries H1 profits dipped 7.9% to $158.57m
3 Aug 18
It blamed losses in its marine and construction businesses.
Singapore port authority arm acquires majority stakes in Canada port
31 Jul 18
It is PSA's debut into Canadian ports.
Shipyard bosses bearish on return to ‘golden days'
30 Jul 18
The industry’s contribution to economy halved to 1% in just 4 years.
Sembcorp Marine's order pipeline could hit $3b in 2018
23 Jul 18
The biggest deal is an FPSO contract for Rosebank’s estimated to be worth US$2b.
Keppel O&M wins contracts worth $70m
22 Jul 18
They will focus on vessels in Brazil and Singapore.
Sembcorp Marine sank into $55.62m loss in Q2
22 Jul 18
It blamed loss upon the sale of a semi-submersible.
Keppel O&M outlook buoyed by contract wins
20 Jul 18
The momentum for new orders that started in 2017 could continue in 2018.
Keppel Q2 profits up 44.4% to $246.16m
19 Jul 18
Profits from property and infrastructure offset slight losses in offshore & marine.
Ezra Holdings abandoned by Asia Fund Space amidst restructuring
17 Jul 18
AFS was not able to procure the holding company to apply for Ezra Holdings’ Catalist listing.
Singapore's shipyard firms go head-to-head with Chinese rivals in revived O&M market
16 Jul 18
Companies have yet to win over projects worth US$145b for the rest of 2018.
Singapore tops world's shipping centre rankings in 2018
10 Jul 18
It performed the best in terms of its shipping business services.
Keppel O&M's revenue could slip to $2b in 2019
9 Jul 18
It needs to continue recovery from a declining trend in contract wins.
Sembcorp Marine raises purchase price of Sevan Marine IP rights to US$39m
6 Jul 18
The sale aims to kill a lawsuit Sevan Marine filed against Sembmarine.
Noble Group eyes sale of Ocean Forte for $32.2m
18 Jun 18
It expects to gain profits of US$300,000 from the sale.
Sembmarine gets first polar expedition cruise ship design contract
12 Jun 18
The project is scheduled for completion by the third quarter of 2020.
Sembmarine buys US$28m of Sevan Marine's intellectual property to kill lawsuit
8 Jun 18
It will get 95% of Sevan Marine's IP rights holder.
Keppel O&M to build first LNG bunkering vessel in Southeast Asia
5 Jun 18
The dual-fuel vessel is scheduled for completion in 2020.
Jurong shipyard fined $230,000 over safety lapses causing fatality
5 Jun 18
One worker died due to a shortage of clearance distance in 2015.
Competition watchdog rejects merger of 2 maritime suppliers
25 May 18
The merger will give the new company a 'substantial' market share that could wipe out potential competition.
Keppel reveals price of dredger contracts with Van Oord: $212m
23 May 18
It answered a query from the Singapore Exchange to disclose transaction details.
Sembcorp Marine finishes 3 Culzean topsides
22 May 18
They were built at Sembmarine’s Admiralty Yard for 32 months.
Sembcorp Marine wins Shell Vito vessel contract
21 May 18
This followed the signing of a letter of intent on 5 December 2017.
Keppel O&M to build suction hopper dredgers for Van Oord
16 May 18
The two dredgers are expected to be completed in Q4 2020 and Q2 2021 respectively.
Keppel sells 5 jackup rigs to Borr Drilling for $1b
16 May 18
It expects 1 rig to be delivered in 2019 and 4 others in 2020.
Sembmarine completes world's first 40-year FSO vessel
9 May 18
FSO Ailsa will sail for the Culzean field in the UK North Sea next month.
Sembcorp Industries Q1 profits plunged 34.1% to $76.65m
3 May 18
It blamed low business volume in its marine segment and low land sales.
Sembmarine risks sinking in 2018 despite new orders
2 May 18
It still has to work through the 2016-2017 orders that were secured at lower-than-average EBIT margins.
Singapore gives $6.5m to International Maritime Organisation
26 Apr 18
It also launched a 5-year technical cooperation with IMO for fellowships, workshops, and scholarships.
Sembmarine Q1 profits sank 85.7% to $5.32m
25 Apr 18
It said recovery in rig orders will take some time as drilling segments remain oversupplied.
MPA inks $1.46b contract for Tuas Terminal Phase II development
25 Apr 18
It is part of the seven deals it signed with maritime partners.
2 in 3 shipping bosses look to e-commerce for digitising their firms
24 Apr 18
The other sectors they looked to were the transport and fintech & banking sectors.
Singapore inks deal to upgrade seafaring jobs
23 Apr 18
It also launched a specialist diploma course in maritime superintendency for graduates.
Keppel's Q1 profits jumped 33.7% to $337.47m
19 Apr 18
Growth was led by the property division, whose profits surged by 298% to $378m.
Civmec to supply steel for 12 Luerssen Australia vessels
17 Apr 18
This brings its total order book to $815.55m.
Chart of the Day: Shipyard orders could reach $6b total in 2018
16 Apr 18
Analysts gauge orders worth $3b each for Keppel and Sembmarine within the year.
Total orders for Singapore shipyards in Q1 reverse 3-year slump
13 Apr 18
Keppel and Sembmarine's order books could already be at $4b and $3.5, respectively.
Keppel O&M to build Singapore's first dual-fuel bunker tanker
9 Apr 18
It signed a contract with Mitsui AP with an option to order another similar tanker.

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