Shipping & Marine
COSCO secures $500mln rig contract
COSCO secures $500mln rig contract
Subsidiary Cosco Nantong Shipyard of the Singapore-listed shipbuilder won a $500 million contract for Sevan Driller II Rig.
MPA extends port dues concession
Port dues concession, originally only until 31 March 2010, will be extended for another six months or until the end of September.
Sembcorp Marine's Jurong Shipyard secures S$130mln conversion contract
Jurong Shipyard has inked the deal with Petrobras to carry out pre-conversion works on the MT SUVA, a Very Large Crude Carrier (VLCC).
Ship owners crushed by new supply and bad rates
Now that the cash flows are disappearing owners are now left with spare capacity, what will it do if rates do not recover asks KMPG?
Sembcorp profits up 63% on more rig building projects
Yet Group's 2009 4Q turnover slid by 17% due to timing of revenue recognition.
Sembawang Shipyard secures S$130mln contracts
Sembawang Shipyard, Sembcorp Marine's subsidiary, renewed its long-term contract with Eitzen Group and won others worth S$130mln.
Neptune Orient Lines runs aground as losses approach $1bln
It may be time to abandon ship as NOL lost almost $1billion and analysts see no signs of profits on the horizon as the sharks circle.
Neptune Orient says losses in first half 'quite likely'
Neptune Orient Lines Ltd said it may be unprofitable in the first half because of concerns about the sustainability of a pick-up in demand.
Keppel seals S$140M shipbuilding contracts
Keppel Singmarine, the specialised shipbuilding arm of Keppel Offshore & Marine Ltd, has secured three newbuilding contracts amounting to about S$140...
Keppel T&T's profits slump on poor investments
Keppel’s telecommunications and transportation arm attributed the 13.3 percent drop to poor investments and costs from restructuring.
Vessels arrive empty at Singapore port
Vessel arrivals in 2009 may have risen by 10.1 per cent increase from 2008, but these vessels are coming in increasingly emptier.
Singapore orders ships to clean up their act
By March this year, all ships registered with Singapore and entering into Singapore will be banned from using harmful anti-fouling paints on their...
Glencore targets Singapore for expansion
Glencore International AG will expand its trading operations in Singapore by buying more than half of Chemoil Energy Ltd.
Shipping firms get that sinking feeling
Shipping firms must be getting used to that sinking feeling. But it seems that for freight rates at least the market has bottomed and prices have...
Shipping firms feel seasick
With Singapore’s economy recovering one would have thought that its shipping companies would have been sailing into calmer waters. Not so, as the...
Empty vessels don't make waves
With the shipping industry in the doldrums, we speak to Raymon Krishnan, President of the Logistics & Supply Chain Management Society and Alex Schulz...
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