Shipping & Marine
Severe losses ahead for NOL in FY11
As NOL underperformed the market by 27% over the past year on concerns over free falling freight rates and overcapacity in the container shipping...
Severe losses ahead for NOL in FY11
As NOL underperformed the market by 27% over the past year on concerns over free falling freight rates and overcapacity in the container shipping...
Pacific International Lines seeks voluntary delisting of PST
DBS, for and on behalf of Pacific International Lines, will make a cash offer to acquire all the issued units of Pacific Shipping Trust other than...
Can Keppel survive the downward spiral for offshore yards?
Kim Eng says Keppel’s US$199m new rig order is not even sustainable, and existing orders may also be cancelled.
Keppel Shipyard seals S$142mn conversion projects
3 new conversion projects to further boost and extend the company’s capabilities while ensuring safe and quality deliveries.
Marco Polo Marine appoints Ho Kian Teck as Financial Controller
Ho’s 15 years of accounting experience became the basis of the group’s board for giving him the position.
Ezion Holdings posts strong growth despite volatile market
As its 3Q11 core net profit is expected to improve to US$13.5m with the addition of one new liftboat last June.
Ezra Holdings sets aside intention to raise fresh capital
DMG believes the company is looking for 6-7% yield on the perpetual capital securities.
Keppel stays strong with S$9.1b worth of orders until 2014
However, there’s some serious competition coming in the form of Chinese yards which are generally perceived to have good access to capital.
Keppel AmFELS delivers fourth Rowan rig ahead of schedule
The ABS-classed EXL jack-up design is an enhancement of Rowan’s LeTourneau Super 116E model.
NOL’s share price sinks 50%
DBS says the industry supply-demand gap looks more balanced at this point, compared to the last crisis in 2008-09.
We have no cash flow problems: China COSCO
The firm said renegotiations over unpaid bills are going well.
Keppel’s subsidiary to merge with Floatel International
Keppel and Aqua Pellentesque can now acquire Floatel shares at about S$4.29 per share.
SOS: Lower rates hurt NOL
Container shipping volumes went up but average revenue per Forty-foot Equivalent Unit dropped 17%.
Rigbuilders’ earnings at risk in 2012 and 2013
Compared to $19.8b in 2008, Keppel and Sembcorp Marine’s current orderbook is only $15.5b.
ASL Marine Holdings’ $31.9m profit within expectations
But the shipping company's revenue declined 22% to S$363.2 million.
NOL capsizes with US$67m loss in the first half
It was an overturn from the US$1 million profit in the same period last year.
Keppel T&T expands warehousing capacity in Singapore
S$17.85mn purchase of Transware Distribution Services will enable Keppel to optimise the land utilization and existing facilities.
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