Shipping & Marine
Pacific Andes Resources Development profit up 10.8%
Pacific Andes Resources Development profit up 10.8%
Net profit in first 9 months was lifted by improved operating efficiencies and economies of scale.
COSCO snaps two new contracts over US$55 mln
Two bulk carriers are expected to be delivered in September 2011 and March 2010, respectively.
MPA extends port dues concession for ocean-going ships
Ocean-going ships will get 5% port dues concession under Economic Resilience Package.
NOL profit hits US$100 mln to overturn 2009 loss
Global container shipping company improves shipping volume, increases group and logistics revenue by 53% and 45%, respectively.
COSCO seizes two contracts worth US$70 mln
The marine engineering company has claimed the rights to build two bulk carriers of 92,500 dwt each due on November 2011 and January 2012...
Sembcorp Marine profit up 28% to $176mln
Said increase was for the second quarter but Group's turnover down 27% while operating profit was 21% higher and pre-tax profit rose 26%.
Cosco profit jumps 85% to S$68mln
The Group, however, is working to improve productivity after retrenching 1,500 employees and as it took more time to build new vessels compared to...
Keppel raising stakes in 2 Philippine associate companies
Keppel to garner S$86.5mln total cash consideration to add up its stakes in SSEI and CLI.
Kreuz Holdings lists on SGX
Singapore Exchange announced the listing of Kreuz Holdings Limited on the Catalist board, under the ticker symbol "Kreuz".
Keppel delivers Greatship's third multi-purpose vessel
Shipbuilder receives $10,000 safety bonus for safe and within budget delivery of Greatship Mamta.
Mercator Lines amplifies profit by 30% for first quarter of FY 2011
With 75% capacity for FY2011 and 60% capacity for FY2012 already contracted, the international bulk shipping company is all eyes on a long term and...
COSCO strikes US$500mln deal to build drillship
The vessel is designed to drill wells in international oilfields with high efficiency and safety in harsh environments.
FSL TRUST slams writ on Daxin Petroleum and subsidiaries
FSL wants remedy for all the damages caused by the arrest of Nika I and FSL Singapore.
NOL Group buys vessels worth US$1.2 bln
The shipping and logistics company is investing in 12 new vessels to meet future growth needs and to replace those with soon-to-expire charter...
Keppel strikes S$170mln deal with 2 Brazilian firms
Keppel O&M furthers 30-year partnership with the Brazilian market as it serves SBM and QGOG.
Neptune Orient Lines container carriage up 29%
NOL's average revenue per container in June jumped 32% from a year ago to $2,892.
Marina at Keppel Bay bags ‘5 Gold Anchors' rating
The up-scale area for boats and yachts on Keppel Island was recognised for its excellence in services and facilities.
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SG60: What the next 10 years have in store for Singapore’s investment landscape