Shipping & Marine
Cosco's plummeting profit fears overstated
Cosco's plummeting profit fears overstated
Silverlining seen at US$1b worth of new orders in 1H12.
Malaysia to raise shipping quotas for tax free crude palm oil
The move aims to help planters cope with expected output growth.
Hutchison Port Holdings Trust's CEO Hai Chi Yuet retires
Hai was responsible for planning the future strategic development and the day-to-day operations of HPH Trust.
NOL's cost-cutting makes scanty US$100m savings
This is just around 20% of the line's full-year target of US$500m.
Keppel and Sembcorp to benefit from new Brazilian orders
21 rigs are awaiting the big shipping lines by 12 September.
Keppel clinches a USD242m deal for a jackup rig
The rig is scheduled for delivery in 1Q 2015.
COSCO Corporation's Vice Chairman Jiang Li Jun resigns
Jiang Li Jun was included in the group's rotation of key management talents among its business units.
Shipping sector still in rough seas, says CIMB
The outlook remains challenging due to overcapacity and slower global growth.
Keppel Corp splurges USD 115m in an oil company
KrisEnergy operates six out of the 14 licences they hold in Cambodia, Indonesia, Thailand and Vietnam.
Cosco cries foul over articles saying the company is in trouble
One story on a news website described Cosco Singapore as the lowest-rated Asia stock on rig push.
COSCO refutes media accusations on hurting orderbooks
The company denies that its customer, Sevan Drilling Rig V, has rescheduled payment terms.
NOL to fire 400 workers in desperate cost saving move
It may save the shipping liner half a billion dollars.
Bunker fuel prices finally down after about a year
Growth in 2Q12 is 11% lower QoQ but know why it's not a time yet for shipping industry to rejoice.
Not yet time for carriers to rejoice spot rate rise
Exit of Germany’s Commerzbank, the second-largest ship financier globally proves a worry.
Sembcorp Marine files appeal in case against PPL Holdings
Over a month after the release of the High Court’s decision, Sembcorp Marine has filed an appeal in hopes of overturning the unfavourable outcome.
Keppel O&M nails another $70M in contract wins
Keppel Offshore & Marine yards in the US and Azerbaijan will repair and upgrade a semisub and build a floating dock, respectively.
Peak season surcharges in 3Q12 bleak for NOL: Maybank Kim Eng
Will NOL’s 10% dip in spot price steer the shipping line to a peak season bonanza?
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