Shipping & Marine

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.
Will Sembmarine clinch the new Johan Castberg vessel deal?
13 Feb 18
It previously won the deal for the vessel's hull in December 2017.
Daily Briefing: Check out the biggest loser amongst REITs; Ezion wins $1.5b refinancing package
12 Feb 18
And Bitcoin fights back as price rises above US$8,000.
DNV GL launches 3D printing lab in Singapore
9 Feb 18
This is to drive the adoption of 3D printing in O&G and O&M sectors.
HPH Trust's profit to grow 10.38% to $175.97m in 2018
7 Feb 18
But higher interest rates may drag expected earnings.
HPH Trust's profit fell 24.9% to $347.87m in 2017
6 Feb 18
It was dragged by its revenue, which decreased to $1.95b.
Sembcorp Marine earns $1.5b in just three weeks
5 Feb 18
This makes its parent company, Sembcorp Industries, the best performing stock in January.
Rig production deals set to rise in 2018
23 Jan 18
Thanks to oil prices higher than US$60/bbl and lower project costs.
Keppel REIT's NPI rose 15.3% to $36.24m in Q4
23 Jan 18
Thanks to higher income from Bugis Junction Towers and Ocean Financial Centre.
Sembcorp's share price spiked twice last week
22 Jan 18
OCBC unveils three possible factors behind the pricing spikes.
Keppel in talks with Borr Drilling for rig sales
22 Jan 18
It confirmed a news report but said it hasn't set a price for the sale yet.

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