Shipping & Marine
Sinking ship? COSCO profit down 53.4%
The turbulent ride was due to higher income tax expense and lower profit contributions from dry bulk shipping and shipyard operations.
Sinking ship? COSCO profit down 53.4%
The turbulent ride was due to higher income tax expense and lower profit contributions from dry bulk shipping and shipyard operations.
Singapore’s bullish bunker sales of shipping oil hit record high in June
Sales grew to 3.86 million tonnes, equivalent to 128.6 thousand tonnes per day.
Not lost at sea: New system to allow 10,000 ships to be tracked around Singapore
Three years in the making, the new vessel traffic information system has twice the capacity of the existing VTIS.
Keppel on target to complete FSO for Bumi Armada
The FSO will be deployed in Malaysia for the development of the Sepat field for PETRONAS Carigali.
Keppel Corp’s revenue falls 3.7% to S$2.3b
Its offshore and marine division remained the largest contributor to total net profit with a 68% share.
Keppel Corp’s profit up 7% to S$696m
This is compared to the S$651m profit for the first half of 2010.
Non-oil domestic exports 'sluggish' at 4.5% increase in June
This is likely to add another ugly stroke to the set of advance GDP growth figures released last week.
Ezra Holdings’ net profit drops 75% to US$6.6m in 3QFY11
This was mainly due to a fall in gross profit margin of 17% vs. 31% in 3QFY10, with the consolidation of newly acquired AMC.
Global shipping industry to see rough seas over the next 12-18 months
Oversupply of vessels continue to drive the negative outlook for the industry.
Oversupply looms over the horizon
The shipping industry could face shaky waters if demand lags amidst entry of new and bigger vessels.
Keppel names Tong Chong Heong as Senior Executive Director
Tong’s extensive 40 years experience with the bank and his dedication in steering Keppel O&M to its position of a world-leading offshore & marine...
Is SembCorp Marine losing to Keppel?
The shipping company only won S$1.5 billion worth of new orders this year versus Keppel’s S$7.1 billion.
COSCO Shipyard appoints Wang Yu Hang as General Manager
After Wang Xing Ru's resignation, the company picked Wang Yu Hang behind his good qualifications and extensive working experience in the shipbuilding...
Port employees to undergo new specialised training
The Port Services Workforce Skills Qualifications Framework will start with specialisation tracks for lashing specialists and mobile equipment...
NOL’s belt tightening results in lower fuel surcharge
Its container shipping line APL is ‘slow-steaming’ or reducing vessel speed to cut fuel consumption and control costs.
NOL’s profit estimates for 2011 sink 73%
Blame it on continuous freight rate deterioration, says DBS.
Loss making NOL splurges US$1.54bn on new ships
The order from the Korean shipyards includes ten 14,000 TEU vessels and two 9,200 TEU vessels.
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