Shipping & Marine

Sembcorp Marine uses remaining net cash proceeds from rights issue

A total of $0.16b remains from the $0.6b net cash proceeds.

Sembcorp Marine uses remaining net cash proceeds from rights issue

A total of $0.16b remains from the $0.6b net cash proceeds.

Singapore to launch SEAVAX for eligible foreign sea crew

This was announced by Chee Hong Tat at this year’s International Safety@Sea Week.

Yangzijiang secures US$1.08 b orders for 12 vessels in July

It has also signed a letter of intent for five units of another vessel. 

MPA launches maritime decarbonisation centre

The centre aims to spearhead Singapore’s maritime industry’s energy transition.

Sembmarine sinks $647m in net loss for H1 2021

COVID-19 disruptions continue to cause delays in its projects.

Keppel Offshore & Marine subsidiaries receive arbitration request

The counterparty has withheld about US$11.3m and claimed payment of US$31.2m from the subsidiaries.

Yangzijiang acquires remaining 20% stake in Xinfu Yard

The transaction is set at S$136.88m and is fully funded by 100 million treasury sales.

DBS, MPA complete live bunker delivery financing pilot with digital bunker delivery note

This successful pilot is a first for Singapore, and demonstrates the viability of digitalised bunker financing.

SGX expands clearing services for seaborne freights

The Singapore Exchange adds three new Forward Freight Agreement and futures contracts for LNG vessels.

Sembcorp Marine warns of continued losses ahead of earnings report

The offshore engineering group is set to declare a net loss for the first half of the year.

Singapore maintains post as world's top maritime centre

Singapore held the first rank for eight years now.

Gov’t tops up $3.5m for maritime sector support

Fresh funds will be given to the MaritimeSG Together package to bring the cumulative amount to more than $36m.

Keppel, Sembcorp start talks on possible merger

Keppel is also in talks with Temasek on selling its legacy rigs.

Three new VCs to boost MPA’s maritime tech startup accelerator programme

The new partner VCs are bringing in $30m of potential funding in the programme.

Sembcorp Marine flags hiring challenges, project delays

Sembcorp Marine said Phase 2 (Heightened Alert) restrictions would impact its operations.