Shipping & Marine

Sembcorp Marine clinches $500m sustainability-linked loan from DBS
4 Mar 21
This is reportedly the first SORA-based, sustainability-linked loan in Singapore's maritime industry.
Total Marine Fuels awarded LNG bunker supplier license
1 Mar 21
This is the third bunker supplier license issued by the marine industry regulator.
MPA joins ammonia-fueled tanker project
24 Feb 21
The expanded coalition is now named The Castor Initiative.
SembMarine registers $390m net loss in H2 2020
23 Feb 21
Turnover for the same period dropped 54.9% to $604.1m.
MPA requires shore-based personnel to take COVID-19 test before boarding
15 Jan 21
The test may be shown on either paper or any certified electronic means.
Singapore maritime industry remains as ‘world's top bunkering hub'
14 Jan 21
This is despite the economy contracting by 5.8% in 2020.
NewOcean 6 ceases operations due to COVID-19 cases on board
7 Jan 21
Palmstone Tankers & Trdg would have to review all procedures before being allowed to continue operations.
‘Cruises to nowhere' continue despite COVID-19 red flag
10 Dec 20
The final confirmatory test conducted on the passenger was negative.
Gulf Oil International secures assets in Singapore
10 Dec 20
The company plans to invest further in marine segment.
MPA extends relief measures until June 2021
9 Dec 20
The MaritimeSG Together package would have expired after 31 December.
Keppel O&M clinches $100m contract for FPSO project
27 Nov 20
The vessel is scheduled for delivery in Q4 2022.
Container spot freight rates rise by 4.4% WoW: Jefferies
23 Nov 20
The Asia-Singapore route marked the highest increase at 10%.
11 joint industry projects receive $1.62m for maritime innovation
18 Nov 20
The projects are co-funded by MPA and MINT Fund.
Sembcorp Marine to remain in the red until 2021: analysts
16 Nov 20
It’s lack of new orders and project delays spell continued losses for the company.
DBS extends $47.7m sustainability-linked loan to PSA Marine
11 Nov 20
The loan was the first to be granted to the country's maritime industry.
Yangzijiang wins $267m contract for five container ships
10 Nov 20
An additional five option orders of 3,500TEU container ships was part of the agreement.
MPA, partners to produce 1000 traineeships, attachments in the maritime sector
23 Oct 20
Opportunities are in automation, digitalisation and supply chain integration.
ITF, IMEC contribute $678.28k to SG-STAR fund
18 Sep 20
This brings the total fund to $1.68m.
Sembcorp Marine rights issue undersubscribed
8 Sep 20
Temasek bought the remaining almost 1.03b unsubscribed rights shares.
Sembcorp to divest stake in JV for $29.4m
2 Sep 20
The transaction will be completed by the end of the year.
Keppel-associate Floatel's forebearance agreement extended
1 Sep 20
The company is also in talks with banks to extends its payments agreement.
YZJ Shipbuilding secures new orders worth $342m
1 Sep 20
Hong Kong’s SITC has placed an order for 12 containerships.
MPA sets up Crew Facilitation Centre, fund for safe crew change
1 Sep 20
The self-contained facility will house crew for up to 48 hours prior to boarding.
Yangzijiang Shipbuilding's profit sank 17% to $152.58m in Q2
6 Aug 20
Revenue from its core shipbuilding business fell.
Keppel posts net loss of $697.6m for Q2
30 Jul 20
Impairments from the O&M segment contributed to the loss.
SCM and SCI responds to SIAS' queries on demerger deal
23 Jul 20
Both firms assure that the proposed rights issue is more than an “accounting treatment”.
Sembcorp Marine posts $192m net loss in H1
16 Jul 20
The group’s revenue declined 41.2% over the same period.
Sembmarine president appointed co-chair of IAP
6 Jul 20
Wong Weng Sun will work alongside IAP chairman Andreas SohmenPao.
National Maritime Safety at Sea Council appoints new chairman
1 Jul 20
Ishak Ismail is succeeding founding chairman Richard Lim.
Singapore carefully facilitates shipping crew changes during pandemic
26 Jun 20
MPA has approved vital crew changes for some 1,150 ships since 27 March.
SOS to earmark over $1.5m for crew change support
24 Jun 20
This will be used to defray costs for seafarers staying at the Seacare Hotel.
Yangzijiang Shipbuilding secures new orders worth $141.95m
23 Jun 20
These orders include two LNG-tank carriers and two 56,000DWT bulk carriers.
Keppel FELS to terminate rig contract with Awilco
23 Jun 20
The latter failed to pay the instalment due on 9 June, entitling Keppel to terminate the deal.
MPA, SSA, IMDA launch maritime digitalisation playbook
22 Jun 20
This is said to support maritime companies in accelerating digitalisation plans.
MPA updates requirements and measures for maritime operations
18 Jun 20
They will also enhance support to seafarers working onboard Singapore-registered ships.
Cargo ship calls at Singapore hub plummet to 27-year low: report
15 Jun 20
Shipping activity and bunkering demand remained weak in June.
MPA approved over 4,000 crew change cases since March
15 Jun 20
It continues to facilitate the disembarkation of seafarers on medical grounds.
Agencies work closely with shipping companies to facilitate safe crew change
10 Jun 20
MPA has approved nearly 3,000 cases of changes since March.
Keppel FELS rejects contract termination request from Awilco Drilling
9 Jun 20
The company denies allegations on breaches.
Sembmarine and SCI to demerge following $2.1b rights issue
8 Jun 20
Both firms will solely focus on their respective industries following the transaction.

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