Shipping & Marine
Singapore tops world's shipping centre rankings in 2018
Singapore tops world's shipping centre rankings in 2018
It performed the best in terms of its shipping business services.
Sembcorp Marine raises purchase price of Sevan Marine IP rights to US$39m
The sale aims to kill a lawsuit Sevan Marine filed against Sembmarine.
Noble Group eyes sale of Ocean Forte for $32.2m
It expects to gain profits of US$300,000 from the sale.
Sembmarine gets first polar expedition cruise ship design contract
The project is scheduled for completion by the third quarter of 2020.
Sembmarine buys US$28m of Sevan Marine's intellectual property to kill lawsuit
It will get 95% of Sevan Marine's IP rights holder.
Keppel O&M to build first LNG bunkering vessel in Southeast Asia
The dual-fuel vessel is scheduled for completion in 2020.
Jurong shipyard fined $230,000 over safety lapses causing fatality
One worker died due to a shortage of clearance distance in 2015.
Competition watchdog rejects merger of 2 maritime suppliers
The merger will give the new company a 'substantial' market share that could wipe out potential competition.
Keppel reveals price of dredger contracts with Van Oord: $212m
It answered a query from the Singapore Exchange to disclose transaction details.
Sembcorp Marine finishes 3 Culzean topsides
They were built at Sembmarine’s Admiralty Yard for 32 months.
Sembcorp Marine wins Shell Vito vessel contract
This followed the signing of a letter of intent on 5 December 2017.
Keppel O&M to build suction hopper dredgers for Van Oord
The two dredgers are expected to be completed in Q4 2020 and Q2 2021 respectively.
Keppel sells 5 jackup rigs to Borr Drilling for $1b
It expects 1 rig to be delivered in 2019 and 4 others in 2020.
Sembmarine completes world's first 40-year FSO vessel
FSO Ailsa will sail for the Culzean field in the UK North Sea next month.
Sembcorp Industries Q1 profits plunged 34.1% to $76.65m
It blamed low business volume in its marine segment and low land sales.
Sembmarine risks sinking in 2018 despite new orders
It still has to work through the 2016-2017 orders that were secured at lower-than-average EBIT margins.
Singapore gives $6.5m to International Maritime Organisation
It also launched a 5-year technical cooperation with IMO for fellowships, workshops, and scholarships.
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