Shipping & Marine
Yangzijiang Shipbuilding’s earnings jump 47% YoY to $1.19b in FY 2021
Yangzijiang Shipbuilding’s earnings jump 47% YoY to $1.19b in FY 2021
This is the shipbuilding group’s highest net profit since 2011.
Sembcorp Marine finally completes Johan Castberg FPSO project
The FPSO project is currently en route for delivery to Norway.
ST Engineering forms consortium to use unmanned aircraft for deliveries
Included in the consortium are Sumitomo Corporation and Skyports.
Keppel O&M inks contracts worth around $250m from returning clients
Clients include GAS-fifteen, MODEC, and a subsidiary of Royal Boskalis Westminster N.V.
Haulio raises $9.43m Series A led by Temasek’s Heliconia Capital
The digital platform will use the fund to strengthen haulage capacities.
Singapore NODX up 18.4% in December 2021
NORX, meanwhile, was also up by 26% in the same month.
Port of Singapore hits record high container throughput of 37.5 million TEUs
This makes Singapore the top leading maritime city in the world, according to DNV.
SG remains as top maritime city
This is according to the 2022 Leading Maritime Cities report.
OCBC becomes first Southeast Asian bank to adopt Poseidon Principles
The framework aims to accelerate the decarbonisation of the shipping sector.
Keppel Offshore & Marine inks global framework agreement with Ørsted
The agreement is focused on potential future offshore substation projects.
First phase of Tuas Port reclamation works completed
The completed Tuas Port Phase 1 has 21 berths.
MPA, maritime sector holds inaugural cybersecurity exercise
Exercise CyberMaritime 2021 puts the sector's cybersecurity readiness to the test.
Keppel awarded FSRU conversion and integration work projects
The projects are worth an estimated $200m.
MPA, NUS to launch expanded PIER71 programme
The expanded program has two new components.
300 maritime workers to undergo digital upskilling through CCP
It will benefit up to 300 individuals over two years.
SATS recovery continues with 27.2% YoY revenue growth
This brings the group's revenue to $293m in H1 for the current FY.
International postage costs drag SingPost's domestic e-commerce gains
E-commerce-related activities accounted for 55% of total revenue.
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