Shipping & Marine
ASL Marine’s revenue rises 2.1% to S$83.1m in 1QFY12
Things seem to be picking up for the group as it has secured S$426m worth of new contracts in the past four months alone.
ASL Marine’s revenue rises 2.1% to S$83.1m in 1QFY12
Things seem to be picking up for the group as it has secured S$426m worth of new contracts in the past four months alone.
Mr Jiang Li Jun to relinquish position as President of COSCO Singapore
He will assume another senior position within the COSCO group of companies while remaining as Vice Chairman.
COSCO Singapore appoints Mr. Wu Zi Heng as Executive Director
He started working with COSCO back in the 1980s after studying marine navigation in Dalian Maritime University.
Troubled waters: Sembcorp Marine profit down 25% to $223m
It's a dive from the almost $300m profit for the third quarter of 2010.
SOS: COSCO profit down 42% to S$32.2m in the third quarter
The company cited lower profit contributions from dry bulk shipping and shipyard operations as the culprit.
NOL sinks deeper with US$91.1m loss in 3Q11
The shipping firm’s net losses widened from US$57m in 2Q on the back of a shortened peak season.
Sembcorp Marine ends October with fresh US$300m contract
The FSO contract in Indonesia lifts SMM’s YTD order win to S$3.25b.
Sembcorp Marine bags S$54m from tax refund
DMG estimates it will boost Sembcorp’s 3Q11 profit by 54% to a whopping S$230m.
NOL freight rates sink in 3Q
The shipping company suffers as firms shy away from building up inventory with a 2.5% drop in volumes.
NOL sailing in rough waters
ARPF fell 8.5% to US$2,799 as customers hold back on shipments due to economic uncertainty.
Lower rates leave NOL high and dry
Container shipping volumes may have been up 5% for the 27 August to 23 September period but lower rates in major trade lanes continue to hurl NOL.
APL appoints Wong Siew Loong as North Asia Regional President
Wong expected to lead the company’s North Asia operations, an integral part of its global liner activities.
Yangzijiang on track for record profits in 2011
The company announced that it is “confident to deliver not less than 30% growth in net profit” in the next 9 months.
Can SembCorp catch up to Keppel?
SembCorp better shape up soon as it is trailing behind Keppel in terms of jackup order wins.
ASL Marine stays strong with S$267m worth of new contracts
OCBC estimates these will fatten up ASL's order book to about S$570m.
What you need to know about BW Group's plans: Moody's
Very interesting analysis of a Singapore shipper’s financial situation.
Fatalities from Keppel accident rise to 6
One of the injured workers from the Keppel Subic Shipyard incident had passed away Friday night.
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