Shipping & Marine
NewOcean 6 ceases operations due to COVID-19 cases on board
Palmstone Tankers & Trdg would have to review all procedures before being allowed to continue operations.
NewOcean 6 ceases operations due to COVID-19 cases on board
Palmstone Tankers & Trdg would have to review all procedures before being allowed to continue operations.
‘Cruises to nowhere' continue despite COVID-19 red flag
The final confirmatory test conducted on the passenger was negative.
Gulf Oil International secures assets in Singapore
The company plans to invest further in marine segment.
MPA extends relief measures until June 2021
The MaritimeSG Together package would have expired after 31 December.
Keppel O&M clinches $100m contract for FPSO project
The vessel is scheduled for delivery in Q4 2022.
Container spot freight rates rise by 4.4% WoW: Jefferies
The Asia-Singapore route marked the highest increase at 10%.
11 joint industry projects receive $1.62m for maritime innovation
The projects are co-funded by MPA and MINT Fund.
Sembcorp Marine to remain in the red until 2021: analysts
It’s lack of new orders and project delays spell continued losses for the company.
DBS extends $47.7m sustainability-linked loan to PSA Marine
The loan was the first to be granted to the country's maritime industry.
Yangzijiang wins $267m contract for five container ships
An additional five option orders of 3,500TEU container ships was part of the agreement.
MPA, partners to produce 1000 traineeships, attachments in the maritime sector
Opportunities are in automation, digitalisation and supply chain integration.
ITF, IMEC contribute $678.28k to SG-STAR fund
This brings the total fund to $1.68m.
Sembcorp Marine rights issue undersubscribed
Temasek bought the remaining almost 1.03b unsubscribed rights shares.
Sembcorp to divest stake in JV for $29.4m
The transaction will be completed by the end of the year.
Keppel-associate Floatel's forebearance agreement extended
The company is also in talks with banks to extends its payments agreement.
YZJ Shipbuilding secures new orders worth $342m
Hong Kong’s SITC has placed an order for 12 containerships.
MPA sets up Crew Facilitation Centre, fund for safe crew change
The self-contained facility will house crew for up to 48 hours prior to boarding.
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