Shipping & Marine
Marco Polo gains stay of proceedings in legal battle with Sembcorp Marine unit
Marco Polo gains stay of proceedings in legal battle with Sembcorp Marine unit
Arbitration proceedings have already commenced.
Authorities roll out new manpower schemes to train maritime workers
Over 5,000 individuals will benefit.
Yangzijiang clinches six shipbuilding contracts worth US$510m
It's the only private yard to win Valemax orders.
Chart of the Day: Is the port of Singapore under threat from China's trade slowdown?
High growth is a thing of the past.
Triyards net profit up 4% to US$5.3m in 2QFY16
New orders total US$17.8 million.
Bulk carriers to stay afloat thanks to MPA’s 10% concession on port dues
Amid mounting headwinds in the shipping industry.
Struggling Mercator Lines sells another vessel to reduce debt
After selling five ships in January.
Cosco bags construction deal to build self-elevating workover unit
It’s slated for delivery in 3Q17.
Vard, Ponant ink letter of intent for construction of four expedition cruise vessels
Each will be designed to accommodate 180 passengers.
Keppel FELS poised to deliver fifth accommodation vessel to Floatel
It was completed on time and on budget.
Sembcorp Marine nabs 44% stake in Gravifloat worth US$38m
It’s trying to move into offshore gas processing units.
Yangzijiang’s net profit drops 29% to $535m in FY15
Blame it on lower margins.
NOL stuck in the red for third straight year with $220.4m net loss
Cost savings are not enough.
Otto Marine inks $32.3m in shipbuilding contracts
The deals are for an oil tanker and two ferries.
Don’t count on battered Sembcorp Marine being privatised: analysts
Despite booking a whopping loss provision of S$609m.
SembMarine still has some aces up its sleeve amid contract instabilities: analysts
It contends that it has made sufficient provisions.
Is Cosco’s $11.25b orderbook a double-edged sword?
It’s brimming with low-value contracts, for starters.
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