Shipping & Marine
MPA, NYK Group advance collaborative efforts on MASS trials
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.
Seatrium secures FSRU conversion contract from Höegh Evi
Engineering work starts this May.
Marco Polo Marine’s net profit down 3.4% YoY in H1
Net profit attributable to equity holders was $10.6m.
Atlantic Navigation profit soars 82% YoY in Q1 2025
The group’s revenue also grew to $5.3m.
Civmec secures A$285m in new contracts across key sectors
The company says the latest wins reflect a period of increased tender activity and reinforce its focus on long-term revenue growth.
Mermaid Maritime unit to acquire four remotely operated vehicles for $16.5m
The company said the acquisition will continue its provision of turnkey sub-sea engineering services.
Nam Cheong bags $94.2m offshore support vessel contracts
These contracts include seven units of Anchor Handling Tug Supply vessels.
Marina Bay Cruise Centre to undergo $40m upgrade
This includes a larger ground transport area.
Uni-Fuels expands operations in UAE with new unit and office
The subsidiary will provide tailored marine fuel solutions.
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