Shipping & Marine
Non-oil domestic export jumped by 7.8% in February 2011
Non-electronic NODX expanded by 20% while electronic NODX contracted by 13% in February this year.
Non-oil domestic export jumped by 7.8% in February 2011
Non-electronic NODX expanded by 20% while electronic NODX contracted by 13% in February this year.
Strong export sales expected in 2H 2011:DBS
As long as Asia central banks do not "overkill" in their monetary tightening, Singapore should see external demand picking up again towards the...
Non-oil domestic export may have moderated to 12.3% in February 2011
Export figure is expected to decrease following a robust expansion of 20.8% in the previous month.
Cosco client cancels order
Cosco Dalian, Cosco Shipyard's subsidiary, following the request from an Asian shipowner, cancelled the ship building contract for one unit of bulk...
Keppel Shipyard bags two contracts worth $170mn
The news jobs comprise completing a Pipe Laying Vessel for Saipem S.p.A and converting a Floating, Storage and Offloading vessel for Bumi Armada...
Shipbuilding could be challenging beyond 2012:DBS
Weakness in the Baltic Exchange Dry Index is expected to result in a slow down in order flows.
Singapore rigbuilders may post negative to muted earnings growth for FY2011
Meanwhile, Singapore yards are looking good beyond 2011, said DBS.
Singapore to benefit from the robust expansion of Shanghai's container port
Shanghai overtook Singapore as the world's busiest container port in 2010 but Shanghai's pole position was not achieved at Singapore's expense.
Neptune Orient Lines likely to be affected by the 15% oil price increase
The liners may not be able to fully pass on the higher fuel costs in the short term, especially given the seasonally weak period now.
Keppel O&M buys 27.8% stake in Dyna-Mac Holdings
The group’s strategic investment fortifies capabilities in floating production topsides including Floating Production Storage and Offloading vessels...
Sembcorp's performance “worse” in 2010
Phillip Securities Research said the company’s S$761mln net profit was 3.6% worse than its forecast.
Training program to boost maritime manpower
A new training programme has been developed to boost the skill and manpower needs of Singapore’s maritime industry.
Sembcorp Marine 2010 profit up 23% to $869mn
Overall enquiries have improved though competition remains fierce as the Group posted a net order book of S$4.8bn with completion and deliveries...
Cosco net profit soared to $249mn in FY2010
4Q 2010 net earnings surged 431% y-o-y and 70% q-o-q to $93.6 million.
Petroleum dragged domestic wholesale trade down 1.8% year-on-year in 4Q 2010
But, petroleum led the domestic wholesale trade to increase 7.2% q-o-q in 4Q 2010.
Will Singapore crack the $1trillion trade market in 2011 ?
If trade grows by 1 per cent over the government forecast of 8 to 10 %, SIngapore will have made it into the elte club of nations whose trade...
Total trade skyrocketed to $902bn in 2010
Singapore’s total trade rose by 21 per cent in 2010 after a decline of 19 per cent in 2009.
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