Shipping & Marine
Nam Cheong's Q3 profit staggers back nearly 100% to RM6,000
No new vessels have been sold since March.
Pacific Radiance's Q3 operating income plunges 41% to US$7.8m
Gain on sale of vessels sank 44%.
Singapore Shipping Corp’s net profit surges 136.9% YoY to US$4.2m
Operating costs were lower than expected.
Daily Briefing: NOL shares jump to highest since May; Jumbo IPO surges in debut
And SGX investigates potential derivatives spoofing.
NOL’s share price jumps as takeover talks gain traction
Temasek wants to divest the loss-making firm.
Yangzijiang turns its sails towards its core shipbuilding business
While decreasing exposure in held-to-maturity assets.
Yangzijiang’s net profit sinks by 16% to RMB680.7m
The oversupply situation continues to bug the company.
Sembmarine unveils largest steel structure fabrication workshop in SE Asia
Moving towards being a one-stop O&M engineering shop.
Persistent troubles from jack-up rigs continue to hound Sembcorp
It has stopped recognising revenue from five rigs.
Peak season fails to be the lifesaver of capsizing NOL
Freight rates sank to unexplored depths.
NOL sinks deeper into the red as losses balloon to US$96m in Q3
Extremely low freight rates are to blame.
Marine segment remains the stone tied to sinking Sembcorp’s neck
It’s shaking its head over the segment’s 70% plunge.
No end in sight for baffled O&M firms grappling with Sete Brasil conundrum
Resolutions due this October are still nonexistent.
What’s going to keep Ezra afloat after dreary 3Q?
Its loss-making subsea division remains unsolvable.
Land ahoy: Can land operations save the day for sinking Keppel?
It hopes to offset a disappointing marine sector.
SembMarine caught in maelstrom as $120m investment in Cosco capsizes
Shares are now suspended pending restructuring in China.
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