Shipping & Marine
MPA, Japan’s Mitsui O.S.K Lines ink MoU on maritime development
MPA, Japan’s Mitsui O.S.K Lines ink MoU on maritime development
Under the MoU, the two will cooperate to decarbonise the industry.
Uni-Asia posts positive cash inflow of $4.5m in 9M 2024
The group’s net operating cash inflows were $22.6m (US$16.8m).
Mermaid Maritime appoints new independent director
The appointment took effect on 20 November.
Smart Port Challenge garners over 200 proposals from 35 countries
Twenty start-ups have qualified for a $100,000 grant.
Yinson GreenTech introduces SG’s first electric hydrofoil vessel
Its hydrofoil system reduces energy consumption by up to 80%.
Keppel to assume control of Rigco Holding's 13 legacy rigs
Rigco is undergoing a selective capital reduction (SCR) exercise.
CCCS OKs Hanwha’s proposed acquisition of Dyna-Mac
CCCS conducted a public consultation from 4 to 18 October.
Atlantic Navigation profit soars 99.3% YoY in 9M 2024
The group’s revenue also grew to $108.9m.
Seatrium inks LOI for Japan's 5,000-tonne heavy lift vessel
The formal contract is expected to be finalised in the first quarter of 2025.
Seatrium hits $24.4b net order book in 9M 2024
The order book comprises 30 projects.
Yangzijiang Shipbuilding’s order wins hit $11.64b, surpassing FY24 goal
Its goal for FY24 is US$4.05b.
Singapore Shipping’s net income jumps 71.9% YoY to US$7.77m
Improved revenue drove net income higher.
Jason Marine’s swings to $330,000 net loss as costs surge
Distribution and general and administrative costs increased by 15.1%.
CCCS recommends five-year renewal of shipping exemption order
The recommendations said to retain the categories of liner shipping agreements.
IHO-Singapore Lab trials next-gen charting standards aboard Amerigo Vespucci
Trials are underway on a prototype S-100 Electronic Chart Display and Information System (ECDIS).
Grand Banks Yachts' net profit up 95% YoY to $5.4m in Q1 FY25
It also reported improved revenue.
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