Shipping & Marine

Chart of the day: Total trade growth slows down in October

Both exports and imports grew but at a slower pace compared to the month before

Sembcorp Marine's net order book hits $7.11b

This consists of $6.80b of projects under execution.

Yangzijiang Shipbuilding new order wins more than doubled 2022 target

The total year-to-date (YTD) order wins was at $5.7b.

ST Engineering to divest all equity interest in U.S. marine businesses for $21m

Its US subsidiaries are VT Halter Marine and Bollinger Shipyards Lockport, L.L.C..

Sembmarine unit bags maintenance contract for Hornsea 2 Offshore Wind Farm

The unit will undertake the servicing the wind farm’s low voltage and ancillary systems.

Keppel inks revised deal on merger of its O&M division with Sembcorp Marine

The revised deal will accelerate the completion of the merger.

Yangzijiang Shipbuilding clinches first order for LNG carriers

They are scheduled to be delivered to an unnamed European customer by 2025-2026.

Keppel to deploy four rigs in Saudi Arabia

The rigs are expected to generate a revenue of about $250m in the next 3-5 years. 

Yangzijiang Shipbuilding secures new orders for 22 vessels

Out of the 22 vessels, six are 66,000DWT bulk carriers.

MPA unveils steps to drive transformation in bunkering 

This includes a provisional national quality standard for marine biofuel.

Sembcorp Marine bags $4.25b FPSO contract from Petrobras

The company won the tender for the Buzios field.

SIT, DNV ink 3-year partnership on maritime decarbonization and digitalization

The parties will cooperate in three key areas.   The Singapore Institute of Technology (SIT) has joined hands with a maritime advisor, DNV, to advance...