Shipping & Marine
MPA and InstaSG partner to celebrate maritime heritage
The sector was celebrated through photography.
Singapore named top global maritime centre for 12th straight year
This was attributed to its high container throughput, consistent transhipment activity, and position as a global bunkering hub.
Rex Oman explores debt financing for Oman operations
The proceeds will be used for capital expenditure on Masirah Oil Limited’s assets in Oman.
ASL Marine divests Indonesian associate company
The group intends to use the proceeds for its working capital requirements.
Seatrium, Solvang partner on Carbon Capture Systems
The collaboration will support Solvang ASA in fleet decarbonisation.
MPA signs deal with Firmus for seawater-cooled AI data centres
MPA will provide technical and regulatory guidance.
MPA renews BV partnership on digital and green tech
It will focus on emerging technologies such as cybersecurity standards, new battery systems, and fuel cell integration.
MPA, NYK Group advance collaborative efforts on MASS trials
This is amongst the initiatives under the MPA-NYK memorandum of understanding in 2024.
MPA, Bureau Veritas extend MoU on maritime innovation and talent development
As part of the renewed MoU, they plan to explore setting up a BV innovation hub in Singapore.
Rex Int’l unit discovers oil well in Norway with strong yield potential
The size of the well is estimated to be between 1.9 to 17.5 million barrels of oil equivalents.
Seatrium net order book at $21.3b as of March
Out of the total, $7.1b comes from renewable and green energy projects.
Yangzijiang Shipbuilding posts $374.25m order wins in YTD 2025
It represents just 5% of full-year target.
Grand Banks Yachts net profit falls 42.4% YoY in Q3 2025
The company’s net order book stood at $119.5m.
Nam Cheong’s Q1 net profit sinks 94% YoY
The decline was due to reduced income and increased finance costs.
US levies on Chinese vessels may cause shipping delays
Redeploying vessels to US trade routes based on shipbuilding origin would be inefficient.
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