Shipping & Marine
Cosco net profit soared to $249mn in FY2010
4Q 2010 net earnings surged 431% y-o-y and 70% q-o-q to $93.6 million.
Cosco net profit soared to $249mn in FY2010
4Q 2010 net earnings surged 431% y-o-y and 70% q-o-q to $93.6 million.
Petroleum dragged domestic wholesale trade down 1.8% year-on-year in 4Q 2010
But, petroleum led the domestic wholesale trade to increase 7.2% q-o-q in 4Q 2010.
Will Singapore crack the $1trillion trade market in 2011 ?
If trade grows by 1 per cent over the government forecast of 8 to 10 %, SIngapore will have made it into the elte club of nations whose trade...
Total trade skyrocketed to $902bn in 2010
Singapore’s total trade rose by 21 per cent in 2010 after a decline of 19 per cent in 2009.
Non-oil domestic exports may have contracted 7% in January 2011
The Lunar New Year in early February may have caused a pullback in export sales in January.
Keppel strengthens stock appeal with new contracts
The shipping company’s Brazilian yard secured two FPSO topside contracts worth S$381.4mln.
Mermaid Maritime appoints Denis Welch as CEO
Mermaid Maritime appointed Denis William Welch as chief executive officer.
8% profit gain highlight China Fisheries Group's slow season
The company’s 1Q11 profit of US$19.7mln is “within expectations" for a ho-hum period, DBS Bank said.
Pacific Shipping appoints Lim Sim Keat as CEO
Mr Lim will be responsible for the overall management of PST Management.
Dry bulk shipping companies likely to incur losses in 2011
The Baltic Dry Index has been declining due to the floods in Australia that cause the closure of coalmines.
Keppel to build $416mn harsh environment jackups
Jackups designed to meet the exacting requirements of our most demanding customers particularly Discovery Offshore.
Singapore export headed for sluggish growth
Recent export numbers were on the weak side following the very rapid expansion seen from end-2009 and well into 2010, HSBC said.
Singapore non-oil domestic exports slowed to 9.4% in December 2010
A 1.1% contraction in electronic products dragged down the expansion of NODX.
Singapore total trade eased 9.1% in December 2010
Compared to the 13% y-o-y growth in the previous month, Singapore total trade eased in December 2010.
Australia picks Sembcorp Marine subsidiary to build $123mln ship
Sembawang Shipyard also secured three major upgrading contracts worth S$92 mln, including an LNG carrier longevity project.
Singapore exports to lose steam in 2011
The rebound in trade shown in the last three months of 2010 is seen to be temporary, UBS said.
Non-oil domestic export to ease at 10% in 2011
Ongoing Eurozone debt crisis and the lacklustre US labor market are expected to hinder the growth of Singapore's non-oil domestic export, OCBC said.
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