Shipping & Marine

MPA inks deal with China for use of e-certificates in shipping industry
6 Sep 19
It will facilitate port clearance and reduce administrative burden.
Yangzijiang inks order contracts to build five vessels
5 Sep 19
The five order contracts, along with two more last month, are worth $546.36m.
SembMarine bags contracts worth $400m
2 Sep 19
This includes building jacket foundations for Taiwan's largest offshore wind farm.
Major incidents in ports down to 0.12 per 100,000 vessel movements in the past ten years
30 Aug 19
Building on this, MPA made three partnerships to further enhance maritime safety.
Daily Briefing: Crypto firm Sygnum eyes banking license; Chinese firm to buy AVIC Maritime for $31.58m
29 Aug 19
And cross-border payments platform TranSwap has obtained a license from Bank of Indonesia.
MPA launches new guide for maritime sustainability reporting
20 Aug 19
It includes a framework for reporting sustainability development practices.
Sinanju and ExxonMobile to develop LNG-powered bunker vessel
19 Aug 19
IIt will be the first of its kind in Singapore.
Sembcorp profits up 20% to $98m in Q2
15 Aug 19
However, revenue fell 33% due to lower turnovers from its energy and marine units.
YZJ Shipbuilding profits up 11% to $345.4m in H1
6 Aug 19
However, new shipbuilding orders declined by 50% YoY in DWT terms.
Sembmarine's loss narrows to $6.83m in H1
30 Jul 19
Revenue from its rigs & floaters business nearly halved.
Daily Briefing: Lakepoint en bloc sale launched $640m; Singapore's Ocean Tankers gear up for new IMO rules
24 Jul 19
And Singapore chipmakers slash headcounts as semiconductors sales fall 10-12%.
Keppel O&M on the cusp of recovery with $1.9b contract win YTD
22 Jul 19
It surpassed the $1.7b new orders secured during the whole of 2018.
Keppel Corporation profits dropped 39.3% to $356.28m in H1
19 Jul 19
The lack of en-bloc sales and lower contributions from property trading weighed on its earnings.
Sembcorp Marine queried over ‘unusual' share price movement
18 Jul 19
More than 21 million shares of Sembcorp Marine were traded in Wednesday, fuelled by last-minute activity.
Keppel O&M clinches $130m worth of contracts from repeat customers
17 Jul 19
It will mark its third newbuild dredger contract for maritime contracting firm Van Oord.
MPA and Chinese water transport agency team-up for maritime safety
12 Jul 19
The agreement will enhance cooperation and information exchange between the two agencies.
Singapore crowned as top international shipping centre for sixth straight year: study
11 Jul 19
The report lauded the city’s strength in ship management and shipbroking services.
Tuas mega port begins second phase of construction
5 Jul 19
Spanning 387 ha, it is the largest of the four phases to be reclaimed.
Third smart port challenge launched
4 Jul 19
It will explore solutions utilising AI, cloud, mobile computing and blockchain for the maritime industry.
Maritime Port Authority of Singapore spearheads geospace-sea initiative
4 Jul 19
It will provide geospatial data for port, marine and coastal planning, and environmental management.
Singapore exports to receive faster clearance to New Zealand
28 Jun 19
Customs-certified firms will undergo less documentary and cargo inspections.
KS Energy-Universal Energy Resources consortium bags $129.6m drilling contract
7 Jun 19
It will charter a semi-submersible drilling rig in Indonesia in H2 2019.
Keppel O&M associate to merge with European semi-submersible vessel operator
4 Jun 19
Prosafe will acquire all of the ordinary shares in the capital of Floatel based on a 55:45 exchange ratio.
Marine fuel supplier Southernpec loses bunker supplier license
30 May 19
Its employees engaged in bunker malpractices, an enforcement check found.
SembMarine completes world's largest semi-submersible crane vessel
27 May 19
It can lift 20,000 tonnes.
ST Engineering to sustain positive orderbook momentum with $4.2b in contracts
21 May 19
In Q1 alone, the firm scored $2.1b in new contracts for the aerospace and electronics segments.
Singapore and Malaysia kick off first meeting on maritime boundary delimitation
16 May 19
They will build a sub-committee to address the legalities of the delimitation.
Sembcorp Industries could bank on Indian business recovery
16 May 19
Its renewable generation pumped in $15-20m profits a quarter in 2018.
Sembcorp Industries' profits jumped 21% to $93m in Q1
15 May 19
Its profit from its energy business grew 21% to $85m.
Sembmarine banks on more orders to bounce back into the black
6 May 19
Sembmarine's strong order pipeline could translate to $3b or more in new orders in 2019.
Sembmarine Q1 profit plunges 67.8% to $1.7m
3 May 19
The absence of large scale contracts slashed revenue from offshore platforms to $15m.
Daily Briefing: Pavilion Energy unveils first ship-to-ship LNG refuelling operation; SilkAir offers non-stop flights to Busan
2 May 19
And the STI jumped 5.8% in April.
Is the icy spell of ST Engineering's marine division finally over?
25 Apr 19
Its US subsidiary won a contract for a US Navy Polar Security Cutter with options of up to $2.6b.
Tuas Terminal to rev up mega port operations progressively starting 2021
24 Apr 19
The port will be capable of handling up to 65 million TEUs per annum.
Keppel Q1 profits plunged 40% to $203m
22 Apr 19
The earnings decline was due to Keppel's property arm which saw profits crash 65%.
Keppel O&M bags integration and upgrading contracts worth $160m
18 Apr 19
Keppel Shipyard will do integration work for a FPSO vessel whilst Keppel FELS will upgrade the rig Ocean Onyx.
Keppel O&M gets go-ahead to start conversion works for $1.28b FLNG project
17 Apr 19
The Gimi floating liquefaction vessel is designed to produce 2.5 million tonnes of LNG per annum.
Daily Briefing: NUS Enterprise and MPA to invest over $600,000 in 13 maritime startups; E-scooter firm Lime to set up Singapore HQ
15 Apr 19
And predictive analytics provider AIDA Technologies clinches series A funding from Mastercard and SGInnovate.
M1 partners with Keppel O&M to test bed self-sailing surface ships
11 Apr 19
M1’s 4.5G network aims to establish ship-to-shore communication links.
MPA pledges $8.88m funding to train seafarers
11 Apr 19
The funding will help train 90 Chief Mates and 90 Marine Engineers.

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Singapore Business Review's 20 Hottest Startups Panel Briefing 2019
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