Shipping & Marine
Samudera’s H1 earnings sink 68.3% YoY to $28.2m
Samudera’s H1 earnings sink 68.3% YoY to $28.2m
Revenue also dropped 27.1% YoY to $299.6m amidst container segment decline.
Seatrium bags repair and upgrade contracts worth $180m
All projects, except for one, will be completed by the end of the year.
Maritime decarbonisation centre completes biofuel trials
The trials started in July 2022.
Singapore Maritime Foundation launches “Choose Your MariTimeline” talent attraction initiative
It highlights diverse career paths to attract new talent to the maritime sector.
Prolonged shipping disruptions raise inflation risk: Nomura
Year to date, freight costs have already risen by 97% YoY.
Port wait time falls, but the Red Sea crisis causes delays
The average wait time at the port has declined to two days at most.
SMF and PIS AP ink MOU to attract maritime talent
SMF will promote development programmes hosted by PIS AP.
Red Sea diversions strain Singapore's PMI
PMI dipped to 50.4 in June.
Red Sea crisis delays 90% of container ships at Singapore Port
Vessels are diverted around the Cape of Good Hope, causing port congestion.
Seatrium bags two-year deal with Greek shipping firm Angelicoussis Group
This will involve refitting 10-15 vessels annually.
Poor visibility delays oil spill detection: Chee Hong Tat
The deployment of oil skimmers was delayed due to the difficulty in initially locating the oil patches.
Singapore nears completion of oil spill cleanup
Approximately 550 tonnes of oil-soaked sand and debris have been collected so far.
Jasper Investments to acquire 51% stake in Prosper Excel Engineering
The company will acquire the stake for $7.5m.
Singapore assesses oil spill impact on beach-front businesses
Significant progress has been made in clearing oil slicks from the beaches.
MPA seeks compensation from Marine Honour for oil spill damages
Marine Honour is also liable for at-sea and on-shore cleanup costs.
Clean-up operations expand as oil reaches water off Changi
Authorities have deployed additional booms to contain the incident.
3 factors causing prolonged congestion at Singapore’s port
Global congestion raised container prices in Singapore by 26% since October.
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SG60: What the next 10 years have in store for Singapore’s investment landscape