Shipping & Marine

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 $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.
Daily Briefing: UN to hear Malaysia-Singapore island dispute; 4 refuelling vessels seized over unpaid debt
6 Apr 18
And here’s why 99-year leasehold HDB flats aren’t a good investment for old age anymore.
Keppel junks deal to manage TQS shipyard
4 Apr 18
It cited the downturn in the offshore and marine business.
Sembmarine wins contract to build FPSO for Energean-operated field
28 Mar 18
The vessel could be worth US$1.36b, according to previous calculations.
ST Engineering CEO eyes doubling marine revenue in 5 years
27 Mar 18
Vincent Chong is positive the US Yard will be able to contract for the US Navy given the 20% rise in naval spending.
Keppel to build Awilco's mid-water rig for US$425m
12 Mar 18
It will be used for operations in harsh environment like in Norwegian Continental Shelf.
Maritime Cluster Fund to be boosted by $100m
7 Mar 18
It will be used to co-fund proof of concept (POC) for conceptualisation of new maritime products and services.
Sembmarine could build US$1.36b Energean vessel
6 Mar 18
Energean awarded an FPSO contract to Technip which reportedly partnered with Sembmarine.
STB and CLIA partner to push cruise sector growth in Southeast Asia
6 Mar 18
They will conduct training to boost sales skills and cruise knowledge of travel agents.
Keppel and Sembmarine could weather Sete Brasil contract exits
6 Mar 18
Analysts think their rig contracts won’t be cancelled as they are in a more advanced stage of completion.
Keppel eyes construction of three semisubmersible drilling rigs at $560m each
28 Feb 18
If the deal pushes through, total contract value could go up to $2.3b.
Otto Marine floundering under $1.16b debt pile
23 Feb 18
It is one of several oil & gas firms still struggling to float after a plunge in crude prices caused contracts to dry up.
1,500 new marine and offshore engineering jobs up for grabs by 2025
23 Feb 18
The new industry transformation map aims to boost employment and sector growth.
The ship is sinking: Sembmarine lost nearly $35m in Q4
21 Feb 18
The poor performance of its rigs business pulled revenue down by 41.8%.
Delayed worker levy hikes to buoy marine sector by $5m
20 Feb 18
Firms could save costs of $50-$100 per foreign worker.
Sembcorp Industries pushes results announcement
15 Feb 18
It has yet to address its Indian IPO and Sembmarine collaboration.
Sembcorp Industries reports cyber breach to some employees' emails
15 Feb 18
The company said it has already contained the incident.

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