Shipping & Marine
SOS: COSCO profit down 42% to S$32.2m in the third quarter
The company cited lower profit contributions from dry bulk shipping and shipyard operations as the culprit.
SOS: COSCO profit down 42% to S$32.2m in the third quarter
The company cited lower profit contributions from dry bulk shipping and shipyard operations as the culprit.
NOL sinks deeper with US$91.1m loss in 3Q11
The shipping firm’s net losses widened from US$57m in 2Q on the back of a shortened peak season.
Sembcorp Marine ends October with fresh US$300m contract
The FSO contract in Indonesia lifts SMM’s YTD order win to S$3.25b.
Sembcorp Marine bags S$54m from tax refund
DMG estimates it will boost Sembcorp’s 3Q11 profit by 54% to a whopping S$230m.
NOL freight rates sink in 3Q
The shipping company suffers as firms shy away from building up inventory with a 2.5% drop in volumes.
NOL sailing in rough waters
ARPF fell 8.5% to US$2,799 as customers hold back on shipments due to economic uncertainty.
Lower rates leave NOL high and dry
Container shipping volumes may have been up 5% for the 27 August to 23 September period but lower rates in major trade lanes continue to hurl NOL.
APL appoints Wong Siew Loong as North Asia Regional President
Wong expected to lead the company’s North Asia operations, an integral part of its global liner activities.
Yangzijiang on track for record profits in 2011
The company announced that it is “confident to deliver not less than 30% growth in net profit” in the next 9 months.
Can SembCorp catch up to Keppel?
SembCorp better shape up soon as it is trailing behind Keppel in terms of jackup order wins.
ASL Marine stays strong with S$267m worth of new contracts
OCBC estimates these will fatten up ASL's order book to about S$570m.
What you need to know about BW Group's plans: Moody's
Very interesting analysis of a Singapore shipper’s financial situation.
Fatalities from Keppel accident rise to 6
One of the injured workers from the Keppel Subic Shipyard incident had passed away Friday night.
Severe losses ahead for NOL in FY11
As NOL underperformed the market by 27% over the past year on concerns over free falling freight rates and overcapacity in the container shipping...
Pacific International Lines seeks voluntary delisting of PST
DBS, for and on behalf of Pacific International Lines, will make a cash offer to acquire all the issued units of Pacific Shipping Trust other than...
Can Keppel survive the downward spiral for offshore yards?
Kim Eng says Keppel’s US$199m new rig order is not even sustainable, and existing orders may also be cancelled.
Keppel Shipyard seals S$142mn conversion projects
3 new conversion projects to further boost and extend the company’s capabilities while ensuring safe and quality deliveries.
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