Shipping & Marine
Ng Hsian Pin resigns as Sinwa Ltd CFO-designate
Ng Hsian Pin resigns as Sinwa Ltd CFO-designate
He intended to pursue other career opportunities.
PACC Offshore’s gross profit plunged 35% in Q3
Blame it on seven idle vessels.
Local shippers urged to keep calm over OW Bunker collapse
Disruption in Singapore has been minimal.
Pacific Radiance’s profit plunged 60% in Q3
Blame it on its weak subsea segment.
Analysts alarmed at Swiber’s 97.8% profit plunge in Q3
The firm saw a net loss of $35.5m.
No turnaround in sight for Vard after net profit sank 91% in Q3
Blame big losses in Brazil and several cost overruns.
How will OW Bunker’s bankruptcy affect local marine fuel supply?
The global ship fuel market is in turmoil.
Triyards to issue 29.5m non-listed warrants to Ezion Holdings
For a consideration of $1.
Yangzijiang’s shipbuilding contracts reach a whopping $1.81b YTD
These will keep its yards busy until 2016.
Yanzijiang’s net profit down 1% in Q3 with no turnaround in sight
The group delivered 8 vessels last quarter.
OW Bunker teeters on the brink of bankruptcy after huge fraud at Singapore subsidiary
The group’s equity is lost.
Kim Heng Offshore and Marine’s net profit plunged 62% in Q3
It raked in a measly $1.2m last quarter.
OW Bunker unearths massive fraud at Singapore subsidiary
The Danish firm stands to lose $196.88m.
Sembcorp Marine’s Q3 profit hit by 10% slip in ship repair revenue
Can a rebound occur in Q4?
Ezion’s profit surged 28.9% to $63.7m in Q3
Revenue also jumped 24.5%.
Pacific Radiance deploys vessel on 5-year $90m contract
As part of its diversified fleet strategy.
COSCO battered by deteriorating margins and massive project cancellations in Q3
There’s no turnaround in sight for the shipbuilding firm.
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