Shipping & Marine

Sembcorp Marine wins 8 ship refit order from Canadian shipper

Sembcorp Marine wins 8 ship refit order from Canadian shipper

The signing of the contract commits Sembawang Shipyard to a long-term alliance contract with Teekay Marines.

Sembcorp Marine bags US$427.6mn contract

The deal is for Sembcorp Marine to build two more premium jack up rigs for Noble. 

Japan crisis may drag down Singapore shipments:OCBC

Recent NODX figures came in disappointing, although OCBC's and market forecasts did have little impact in the market given the nuclear crisis in...

Lacklustre exports seen to be temporary:DBS

Despite ongoing worries on high oil prices derailing growth, PMIs of key markets have remained in the expansion zone.

Non-oil domestic exports to the US rose by 20% in February 2011

However, NODX to Indonesia and Hong Kong declined by 17% and 6% respecively, due to electronic and non-electronic NODX.

Oil domestic exports declined by 10% month-on-month in February 2011

This is in contrast to a rise of 28% in the previous month while oil domestic exports expanded by 22 per cent on a y-o-y basis.

Managing the fallout: The impact of the Fukushima disaster on Japan's food exports

The explosions at the nuclear reactors at the Fukushima Daiichi nuclear complex have also raised concerns about the radiation effects on food...

Total trade contracted by 6.3% month-on-month in February 2011

On a y-o-y basis, total trade rose by 6.4%, following the 14% increase in the previous month.

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.