Shipping & Marine

COSCO secures US$200M deal from COTEMAR

COSCO wins the contract to build one unit of Semi Submersible Accommodation Vessel that will operate in the Gulf of Mexico and in the North Sea.

COSCO secures US$200M deal from COTEMAR

COSCO wins the contract to build one unit of Semi Submersible Accommodation Vessel that will operate in the Gulf of Mexico and in the North Sea.

Sembcorp Marine's margins shrinking? Don't panic, it's normal

The company's outstanding orderbook stood at SG$5.1b and it continues to rake in new contracts.

Otto Marine's Advisor to Chairman and Group CEO retires

Lee Kok Wah did not seek re-election to the board.

Otto Marine's Director retires

Ng Chee Keong also acted as the Chairman of the Nominating and Remuneration Committees and a member of the Audit Committee.

Maritime industry survival hinged on innovation

Singapore minister says it is the only way firms can overcome brutally low demand and steep fuel prices.

Offshore engineering to cause trouble for COSCO?

COSCO's inexperience in building tender rigs, jack-ups, and drillships may cause volatility in its earnings.

Maritime R&D gets full government backing

Which company did authorities partner with to develop clean energy technologies with a maritime application?

FSL Trust "weak" against business risk: S&P

Prevailing shipping industry woes of oversupply and lackluster demand may result in more charter terminations.

Sembcorp Marine's Deputy Chairman retires

Richard Edward Hale Obe is also an Audit Committee Member.

Singapore Yacht Charter scene

Yacht chartering in Singapore has seen an upsurge in demand in the last 4 years. This can be seen by the number of companies in the yacht charter...

COSCO commissioned to construct barges worth over USD220 million

The contract with Energy Drilling for 2 units of Self Erecting Drilling Tender Barges are set for delivery in the 2nd quarter of 2014.

Chart of the Day: More orders to come for Singapore rig builders

Analyst expects order wins to return to pre-2009 levels of S$4.5 billion to S$5.5 billion per annum.

Neptune Orient Lines to issue S$400m worth of senior notes

These will carry an interest rate of 4.25% per annum.

ASL Marine buoyed by winning shipbuilding orders worth S$132.5m

This brings the group’s new shipbuilding contracts to a total of S$454.5m so far in FY12.

Otto Marine's General Manager resigns

Chua Peng Chua was also the group's Senior Vice President for Sales and Marketing.

Ezra Holdings' net profit up 177% to US$22.1m

The company's revenue also increased 114% to US$211.8m.