Shipping & Marine
NOL cruising into riskier waters: DBS
NOL cruising into riskier waters: DBS
This year it will struggle with higher oil prices, wobbly rate hikes and questionable profitability.
Cosco’s net profit plunges 44% to $139.7m in 2011
As turnover from its dry bulk shipping business plummeted by more than 50% due to lower charter rates.
Sembcorp Marine’s net profit plunges 13% to $752m in 2011
As its rig building projects weren’t so profitable in 2011.
Neptune Orient Lines’ shipping business disappoints
The liner is sailing in rough seas with net loss of US$320.4m still significantly wider than the 3Q11 loss of US$91.1m.
How can Sembcorp Marine command higher margins?
Roaring demand and a capability to deliver in short notice are allowing the rig and shipbuilder to charge premiums.
ST Engineering marine arm clinches S$75M worth of contracts
Construction of the two Anchor Handling Tug Supply vessels for Swire Pacific Offshore will commence in 2013.
Silver lining found for ASL Marine
Analyst notes order book is looking good following a 24.3% profit decline.
FSL Trust demands back unpaid vessels
Defaulting lessees have been ordered to return three chemical tankers after defaulting on their obligations.
Is the new superyacht industry poised to boost Singapore’s economy?
As more and more Superyacht owners discover Singapore as a luxurious gateway to the most glorious cruising waters in the world, the potential for the...
Tiong Woon’s revenue surges 36% to S$75m in 1H12
Revenue for its Marine Transportation segment grew the most at 86% to S$5 million in 2Q12.
Otto Marine bags US$21m charter contract in Africa
“Beluga 1” will be operated by Global Workboats and be deployed off the coast of Nigeria.
FSL Trust torpedoed by major lease defaults
Lessees have been given an ultimatum to pay until March 8 or risk repossession of the chartered vessels.
Keppel and ConocoPhillips to design first jackup rig for the Arctic Offshore
The ice-worthy jackup rig will be operating in one of the harshest marine frontiers, the Arctic Seas.
What can the Petrobras drillship order do for Sembcorp Marine?
It will obviously provide SMM the initial impetus to establish its foothold in the local Brazilian market - but this is just one benefit.
Sembcorp secures first drillship order for Brazil
But management admits that the $792.5m-worth of drillship contract won’t have any material impact for FY2012.
NOL’s shipping volumes up 7% in FY11
As higher volumes were carried on the Intra-Asia trade lane.
Will the legal dispute between Baker Tech and Sembcorp finally come to an end?
The High Court has given Sembcorp 21 days to file its written replies to Baker Tech, PPL Holdings, and E-Interface.
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