Shipping & Marine
Cheng Wai Keung retiring as NOL Chairman
He will retire from the NOL Board after its annual general meeting scheduled in April 2012.
Cheng Wai Keung retiring as NOL Chairman
He will retire from the NOL Board after its annual general meeting scheduled in April 2012.
Singapore International Cruise Terminal has new operator
Which firm beat out two other bids for the ten-year appointment?
ASL Marine appoints Ang Iris as CFO
This follows the resignation of Ms Lilian Tan Yin Yen as Group Financial Controller and Company Secretary.
Sembcorp Marine’s subsidiary Jurong Shipyard bags US$291.6m contract
It will be building an accommodation semi submersible rig scheduled for delivery in the second quarter of 2014.
Stormy seas ahead: NOL may skip dividends in 2012
Full year loss awaits the shipping and logistics giant, says Phillip Capital.
NOL stands to lose a whopping US$286m in FY11
Kim Eng forecasts the group’s 4Q net loss to amount to US$128m as shipping volumes continue to slow.
Lower contract wins for Keppel in the next two years
UOB forecasts a mere S$4billion per year for the group as an economic slowdown is just around the corner.
More losses ahead as Neptune Orient Lines suffers double whammy
The second half of the year wasn’t a great one for the group as it recorded a sharper-than-expected net loss of US$91m in 3Q11.
NOL sinking with demand-supply mismatch
Anemic demand and excess capacity combine for a perfect storm till mid-2012.
NOL: Hapag-Lloyd bid reports false
Neptune Orient Lines clarified it is not making another bid for a stake in Hapag-Lloyd.
Will Noble continue to sink in 4Q11?
The company’s share price fell 25% in 3Q11, but DMG believes somebody can steer Noble to the right direction.
Marco Polo Marine’s revenue jumps 38% to S$20.3m in 4Q11
The group also recorded a higher effective tax rate of 28.4% due to higher contributions from Indonesia and Australia.
COSCO Corporation's Vice Chairman resigns
Jiang Li Jun will be replaced by Wu Zi Heng.
Ezion Holdings’ revenue down 8.1% to US$31.9m in 3Q11
However, Ezion still posted a steady quarter as its gross profit rose 27.3% to US$15.8m.
Swiber’s profit surges 93.1% to US$13.5m in 3Q11
As it had bagged a record number of contracts worth US$758m YTD.
Otto Marine President and Group Chief Executive Officer retires
Lee Kok Wah will serve as Advisor to Chairman and Group CEO effective 28 November 2011.
Authorities release China COSCO ship impounded in Singapore
Following a financial dispute with a client, a China COSCO dry bulk vessel was returned after almost a week.
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