Shipping & Marine
Sembcorp Marine uses remaining net cash proceeds from rights issue
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.
Keppel, Sembcorp start talks on possible merger
Keppel is also in talks with Temasek on selling its legacy rigs.
Three new VCs to boost MPA’s maritime tech startup accelerator programme
The new partner VCs are bringing in $30m of potential funding in the programme.
Daily briefing: Shipping crisis to emerge from southern China outbreak; US, EU to draft new global trade standards
And Singapore’s Carro has raised $360m in its latest funding round.
Sembcorp Marine flags hiring challenges, project delays
Sembcorp Marine said Phase 2 (Heightened Alert) restrictions would impact its operations.
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