Shipping & Marine
COSCO SHIPPING’s profit increases 15% YoY in H1
It was due to higher profit margins and lower interest expense.
Global trade risks dampens industrial property demand
Singapore’s industrial rents are up, and occupancy has dipped.
SG pledges $2.3m for aviation fellowships in next three years
It will support officials in attending courses on aviation safety and security.
CosmoSteel CEO resigns
The CEO cited personal reasons for his departure.
MPA and InstaSG partner to celebrate maritime heritage
The sector was celebrated through photography.
Singapore named top global maritime centre for 12th straight year
This was attributed to its high container throughput, consistent transhipment activity, and position as a global bunkering hub.
Rex Oman explores debt financing for Oman operations
The proceeds will be used for capital expenditure on Masirah Oil Limited’s assets in Oman.
ASL Marine divests Indonesian associate company
The group intends to use the proceeds for its working capital requirements.
Seatrium, Solvang partner on Carbon Capture Systems
The collaboration will support Solvang ASA in fleet decarbonisation.
MPA signs deal with Firmus for seawater-cooled AI data centres
MPA will provide technical and regulatory guidance.
MPA renews BV partnership on digital and green tech
It will focus on emerging technologies such as cybersecurity standards, new battery systems, and fuel cell integration.
MPA, NYK Group advance collaborative efforts on MASS trials
This is amongst the initiatives under the MPA-NYK memorandum of understanding in 2024.
MPA, Bureau Veritas extend MoU on maritime innovation and talent development
As part of the renewed MoU, they plan to explore setting up a BV innovation hub in Singapore.
Rex Int’l unit discovers oil well in Norway with strong yield potential
The size of the well is estimated to be between 1.9 to 17.5 million barrels of oil equivalents.
Seatrium net order book at $21.3b as of March
Out of the total, $7.1b comes from renewable and green energy projects.
Yangzijiang Shipbuilding posts $374.25m order wins in YTD 2025
It represents just 5% of full-year target.
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