Shipping & Marine
Fresh floater projects to buoy Sembcorp Marine's profits
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.
Inter-Pacific Petroleum's bunker craft license revoked
MPA detected magnetic interferences from Inter-Pacific’s bunker tankers.
Sembmarine unit sells Pacific Workboats stake to POSH for $937,660
The move is in line with the company's goal to renew its tugboat fleet.
Britain's Magni to buy four rigs from Keppel and SMM
The rigs will be chartered to Brazilian petrol firm Petrobras over a 10-year lease.
Keppel O&M units tie up with Sete Brasil to construct six drilling rigs
Fernvale will have full ownership over the unconstructed rigs.
MPA, IMarEST to upskill mariners
Ex-seafarers can get degrees from IMarEST and Plymouth University.
MPA inks maritime deal with Panama
They will also cooperate on port state control inspections.
MPA inks deal with China for use of e-certificates in shipping industry
It will facilitate port clearance and reduce administrative burden.
Yangzijiang inks order contracts to build five vessels
The five order contracts, along with two more last month, are worth $546.36m.
Major incidents in ports down to 0.12 per 100,000 vessel movements in the past ten years
Building on this, MPA made three partnerships to further enhance maritime safety.
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