Shipping & Marine
FSL Trust Management sells product tanker for $9.3m
FSL Trust Management sells product tanker for $9.3m
Net gains will be used for general corporate purposes.
Beng Kuang Marine’s net profit soars 168% in FY 2024
The company’s proposed dividend per ordinary share stood at $0.006.
Marco Polo Marine’s Q1 2025 revenue drops 11% YoY
The group expects better performance in H2 2025 as recent investments yield returns.
ASL Marine posts $2.08m net profit in H1 FY2025
Earnings per share were at $0.0015.
FSL Trust Management to sell product tanker
It will be sold to an unaffiliated third party who lodged a 10% deposit in escrow.
Grand Banks Yachts net profit up by 9.2% to $7.6m H1 2025
The group proposed an interim dividend of $0.005 per ordinary share.
FSL Trust posts $11m net profit in 2024
This is an increase compared to a net profit of $3.7m in the same period of the preceding year.
Hutchison Port Holdings Trust posts 2.13 cents DPU for 2024
The group's NPAT rose 47% YoY.
ES Group to post net profit for 2024
The group’s ES Jewel vessel was in full operation during the year.
Yangzijiang Shipbuilding poised to ride clean energy wave—DBS
Its pivot towards cleaner vessels is a key catalyst.
Strategic Marine commissions three new offshore supply vessels
The vessels will be used by a national oil company in Africa for passenger transfer.
PSA International annual container throughput surpasses 100 million in 2024
Its flagship terminal in Singapore reported a throughput of 40.9 million TEUs.
What happened in Singapore’s maritime sector in 2024
Despite disruptions, the industry maintained strong performance last year
Uni-Fuels raises $11.5m in US maiden offering
Proceeds will be used for boosting reselling activities.
ST Engineering secures contract for Walk-to-Work vessel by 2027
It will feature motion-compensated gangway and a 10-ton crane.
Civmec gives update on Luerssen Australia acquisition
Civmec entered into a non-binding agreement for the acquisition.
Singapore less exposed to US tariff risks
However, it is vulnerable to negative trade shocks or a US economic downturn.
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