Shipping & Marine

Shipping & Marine

Sembmarine seals two renewable energy contracts worth over $200m

29 Oct 18

It will engineer and construct projects for Denmark’s Ørsted Wind Power and Norway’s Norled AS.

SembMarine's order pipeline could hit $3b in 2019

28 Oct 18

One major deal is a floating production storage and offloading (FPSO) contract that could be worth up to $2.76b (US$2b).

Sembcorp Marine sank into a $29.76m loss in Q3

26 Oct 18

It blamed continued low overall business volume.

Pavilion Energy inks charter agreement for new BW vessels

23 Oct 18

It will hire two liquified natural gas (LNG) carriers to boost global trading expansion.

SembMarine clinches $160m contract with Teekay Offshore

22 Oct 18

The deal will see to modifications and life extension of the Petrojarl Varg vessel.

Vard to delist by 2 November

16 Oct 18

The $26.97m exit offer by its parent firm was closed on 15 October.

Keppel contractor eyes Chinese yards for future vessels

13 Sep 18

Golar LNG is in talks with alternative shipyards for newbuilds.

Sembmarine to install marine scrubbers on 13 Maran Tanker vessels

6 Sep 18

The deal is its biggest green technology retrofit contract to date.

Sembmarine and Daewoo Shipbuilding & Marine face off for Rosebank FPSO

30 Aug 18

And Sembmarine might have the competitive edge on pricing.

ST Engineering Marine launches LMV Dauntless for Singapore Navy

19 Aug 18

It is the seventh LMV built by the firm for the Navy since 2013 to replace Fearless-class Patrol Vessels.

Keppel ends management deal with Baku Shipyard

9 Aug 18

It cannot meet the new operational requirements of the shipyard's development.

Vard Holdings loses free float

8 Aug 18

About 91.91% of the shares are now owned by Fincantieri.

Vard Holdings expected to delist by 10 August

3 Aug 18

The exit offer from its parent firm will be closed by 8 August.

Sembcorp Industries H1 profits dipped 7.9% to $158.57m

3 Aug 18

It blamed losses in its marine and construction businesses.

Singapore port authority arm acquires majority stakes in Canada port

31 Jul 18

It is PSA's debut into Canadian ports.

Shipyard bosses bearish on return to ‘golden days'

30 Jul 18

The industry’s contribution to economy halved to 1% in just 4 years.

Sembcorp Marine's order pipeline could hit $3b in 2018

23 Jul 18

The biggest deal is an FPSO contract for Rosebank’s estimated to be worth US$2b.

Keppel O&M wins contracts worth $70m

22 Jul 18

They will focus on vessels in Brazil and Singapore.

Sembcorp Marine sank into $55.62m loss in Q2

22 Jul 18

It blamed loss upon the sale of a semi-submersible.

Keppel O&M outlook buoyed by contract wins

20 Jul 18

The momentum for new orders that started in 2017 could continue in 2018.

Keppel Q2 profits up 44.4% to $246.16m

19 Jul 18

Profits from property and infrastructure offset slight losses in offshore & marine.

Ezra Holdings abandoned by Asia Fund Space amidst restructuring

17 Jul 18

AFS was not able to procure the holding company to apply for Ezra Holdings’ Catalist listing.

Singapore's shipyard firms go head-to-head with Chinese rivals in revived O&M market

16 Jul 18

Companies have yet to win over projects worth US$145b for the rest of 2018.

Singapore tops world's shipping centre rankings in 2018

10 Jul 18

It performed the best in terms of its shipping business services.

Keppel O&M's revenue could slip to $2b in 2019

9 Jul 18

It needs to continue recovery from a declining trend in contract wins.

Sembcorp Marine raises purchase price of Sevan Marine IP rights to US$39m

6 Jul 18

The sale aims to kill a lawsuit Sevan Marine filed against Sembmarine.

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 US$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.

Commentary

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Taxing times for SMEs

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The steady rise of e-payments in Singapore

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Financial Services

Should Singapore's executives trust their financial data?

BY Terry Smagh

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