Shipping & Marine

MPA and Temasek Polytechnic unveils new maritime fuel cell research project

Partners released research $6mln funding on the project that focuses on research, development, test-bedding and eventual commercialisation of fuel...

MPA and Temasek Polytechnic unveils new maritime fuel cell research project

Partners released research $6mln funding on the project that focuses on research, development, test-bedding and eventual commercialisation of fuel...

Proposal of bonus shares to boost trading liquidity

ASL Marine (ASL SP) has proposed a bonus issue of shares in the proportion of 4 bonus shares for every 10 existing ordinary shares to improve trading...

Keppel bags US$180mln jackup rig contract from Standard Drilling

The rig bound for Norway will be operational in water depths of 400 feet, drilling depth of 30,000 feet and accommodate 120 men.

Sembcorp Marine closes US$195M contract with Transocean Ltd.

PPL Shipyard will sell a jack-up rig, already under construction, to the world’s largest drilling contractor leading provider of drilling management...

Sembcorp Marine's surge seen to continue until 2012

Analysts have raised net profit estimates by 2.8% to S$785m in FY2012E as crude oil prices are likely to bring in more orders for the shipping...

Suspected pirates board Singapore-registered vessel

The Liquefied Petroleum Gas vessel named YORK was said to be on its way to Seychelles when the suspected pirates boarded at approximately 90 nautical...

Pacific Shipping Trust's profit steady at US$7.2mln

Distribution per unit in third quarter is 0.832 US cents up 1.7% from the same period last year.

Neptune Orient Lines doubles 3Q10 net profit to $282 million in 3Q10

Higher container shipping volumes and rates pushed Neptune Orient Lines (NOL) 3Q10 net profit to increase by 102% to $282 million from $139 million...

COSCO Guangdong delivers 57,000 dwt vessel to European buyer

18.00 meters high, 32.26 meters wide, and 189.99 meters long bulk carrier is named ALMYROS.

Sembcorp Marine Strikes S$351 Million FPSO Conversion Deal

The Jurong Shipyard will convert an oil tanker to a Floating Production Storage and Offloading vessel (FPSO) for Teekay Petrojarl Production AS.

Sembcorp Marine Bags Ship Repair Contract From Carnival Corporation

The company will repair, refurbish and upgrade some of the cruise vessels of the world’s largest cruise operator.

Keppel delivers FPSO P-57 to SBM for Petrobras

255,272-dwt tanker’s upgrading into P-57 was completed at Keppel Shipyard earlier, with shipyard receiving S$1mln bonus.

MPA grooms Singapore as leading maritime academic centre

Agency to invest $200mln to establish Singapore Maritime Institute in collaboration with A*STAR and EDB.

Hoe Leong completes $15min acquisition of Malaysia's tanker company

Addition of Semua Group to be the springboard for future expansion in vessel chartering business.

COSCO delivers GEORGIOS P to European buyer

Delivery documents of 18.00 meters high, 32.26 meters wide, 189.99 meters long vessel signed in Dalian.

Sembawang Shipyard secures S$75mln FPSO conversion and uprgading contracts

Contracts include BW Genie conversion to FPU from BW Offshore and FPSO Glas Dowr upgrading.

Vallianz Holdings' director and vice chairman Jonathan Lim to resign

Reconstitution of board and strengthened senior management team encouraged Lim to hand over his responsibilities.