Shipping & Marine
Nam Cheong’s profit skyrockets to $189.2m in H1 2024
Thanks to improved daily charter rates and higher utilisation of larger vessels.
Yangzijiang Financial’s net profit sinks 33.9% in H1 2024
Total income for the period also declined 21.7%.
PSA International to acquire 85% stake in Poland's Loconi
Loconi runs 220 trains monthly across five corridors in Poland.
Dyna-Mac revenue grows by 42.5%
The company reported a revenue growth of $77.4m in H1 2024.
Seatrium returns to profitability with $36m gain in H1 2024
H1 2024 is the company's first profitable period since its formation in 2023.
MPA, Microsoft to boost maritime safety and sustainability
It plans to adopt cloud computing, AI, data analytics, robotics, and cybersecurity.
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.
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