Shipping & Marine
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.
Shell Singapore sells Energy and Chemicals Park to CAPGC
This involved the sale of shares in Aster Chemicals and Energy Pte. Ltd.
New MPA digital platform to support maritime fuel training
The platform also enables tracking of certifications and ensures compliance with evolving international standards.
SG, AU to fund eight maritime decarbonisation projects
A $20m joint initiative will support the selected projects.
MPA opens applications for methanol bunkering licences
Applications will close on 28 May.
Australia, Singapore fund $20m maritime emissions research
The projects are expected to be completed within two years.
Singapore signs MOUs to advance geospatial tech
It also launched its first Maritime Digital Twin.
MPA, Port of Antwerp-Bruges ink MOU on maritime decarbonisation
The partners will explore joint decarbonisation and digitalisation efforts.
Accounting, storage, and cargo handling prices rose in Q4 2024
Freight forwarding and sea freight transport prices fell during the quarter.
SG, Rotterdam strengthen green and digital shipping corridor collab
The collaboration aimed to test and accelerate the adoption of sustainable fuels.
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