Shipping & Marine
MPA gives 50% port dues concession to passenger vessels
MPA gives 50% port dues concession to passenger vessels
The new concession will be provided from 1 March to 31 August.
HPH Trust reversed loss with a $325.63m profits in 2019
Lower container throughput eased its cost of services.
ST Engineering, Wilhelmsen Ship Services to develop unmanned shore-to-ship parcels
The former will provide flight tests and development services for system integration. ST Engineering and Norway-based Wilhelmsen Ships Services (WSS)...
Sembmarine unit's ex-president charged with money laundering in Brazil
This was related to drilling rig contracts entered with Sete Brasil in 2012.
Pan Ocean invests $182.86m in medium-range tankers
The first vessel is expected to be delivered on 30 June 2021.
Singapore's container throughput rose 1.6% to 37.2 million TEUs in 2019
The Port of Singapore handled 626.2 million tonnes of cargo.
MPA ends Inter-Pacific Petroleum's bunker supplier licence
The company’s bunker craft operator licence has also been terminated in October.
GST for overseas digital services to be rolled out by 2020
Meanwhile, tax remains on goods purchased online priced above $400.
Ezion to dispose stake in two companies by 30 November
The decision was made to cut operational costs.
Fresh floater projects to buoy Sembcorp Marine's profits
Revenue has already surged 40% to $1.04b thanks to three projects.
Yangzijiang Shipbuilding profit slipped 10% to $136.23m in Q3
Gross profit margins from its shipbuilding and others segments declined.
Sembmarine's loss widens 76.8% to $52.62m in Q3
Low business volume and costs from new rigs and floaters worsened its loss.
Singapore Refining Company supplies low-sulphur marine fuel cargo
Stricter bunker fuel standards will require oils to have less than 0.5% sulphur.
Sembmarine delivers semi-submersible rig to Helix Energy Solutions
It is used for well intervention and decommissioning in waters up to 3,000m deep.
SEEDS Capital, MPA seek to invest $60m in Singapore maritime tech
The two groups are looking for joint investors.
Sembcorp Marine bags 3D printing licence for construction parts
This will reduce the firm’s waste and dependence on outside procurement.
Keppel O&M's tech arm to co-develop driverless tugboat
This will enable AV operations in Singapore by end-2020.
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