Shipping & Marine
Singapore exports up 12.3% to $15.7b in September
Singapore exports up 12.3% to $15.7b in September
Re-exports also saw an increase of 16.4% in the same month.
COVID-19 positive Sembcorp mariners transferred out of Tukang Dorm
The marine company apologised to its workers at the dorm.
SMI secures more funding for maritime research and development
This is a part of the Lion City's bid to become a global maritime knowledge and innovation hub.
MPA starts out SG registry of ships notation
The notation is a first-of-its-kind ship registry accreditation system.
Sembcorp Marine uses remaining net cash proceeds from rights issue
A total of $0.16b remains from the $0.6b net cash proceeds.
Singapore to launch SEAVAX for eligible foreign sea crew
This was announced by Chee Hong Tat at this year’s International Safety@Sea Week.
Yangzijiang secures US$1.08 b orders for 12 vessels in July
It has also signed a letter of intent for five units of another vessel.
MPA launches maritime decarbonisation centre
The centre aims to spearhead Singapore’s maritime industry’s energy transition.
Sembmarine sinks $647m in net loss for H1 2021
COVID-19 disruptions continue to cause delays in its projects.
Daily briefing: Shipping rates may rise further: analyst; 4 global firms to set up shop in 'smart business district'
And US wants “stable” relations with China: US Defence Secretary.
Keppel Offshore & Marine subsidiaries receive arbitration request
The counterparty has withheld about US$11.3m and claimed payment of US$31.2m from the subsidiaries.
Yangzijiang acquires remaining 20% stake in Xinfu Yard
The transaction is set at S$136.88m and is fully funded by 100 million treasury sales.
DBS, MPA complete live bunker delivery financing pilot with digital bunker delivery note
This successful pilot is a first for Singapore, and demonstrates the viability of digitalised bunker financing.
SGX expands clearing services for seaborne freights
The Singapore Exchange adds three new Forward Freight Agreement and futures contracts for LNG vessels.
Sembcorp Marine warns of continued losses ahead of earnings report
The offshore engineering group is set to declare a net loss for the first half of the year.
Singapore maintains post as world's top maritime centre
Singapore held the first rank for eight years now.
Gov’t tops up $3.5m for maritime sector support
Fresh funds will be given to the MaritimeSG Together package to bring the cumulative amount to more than $36m.
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