Shipping & Marine
Sembmarine completes world's first 40-year FSO vessel
FSO Ailsa will sail for the Culzean field in the UK North Sea next month.
Sembmarine completes world's first 40-year FSO vessel
FSO Ailsa will sail for the Culzean field in the UK North Sea next month.
Sembcorp Industries Q1 profits plunged 34.1% to $76.65m
It blamed low business volume in its marine segment and low land sales.
Sembmarine risks sinking in 2018 despite new orders
It still has to work through the 2016-2017 orders that were secured at lower-than-average EBIT margins.
Singapore gives $6.5m to International Maritime Organisation
It also launched a 5-year technical cooperation with IMO for fellowships, workshops, and scholarships.
Sembmarine Q1 profits sank 85.7% to $5.32m
It said recovery in rig orders will take some time as drilling segments remain oversupplied.
MPA inks $1.46b contract for Tuas Terminal Phase II development
It is part of the seven deals it signed with maritime partners.
2 in 3 shipping bosses look to e-commerce for digitising their firms
The other sectors they looked to were the transport and fintech & banking sectors.
Singapore inks deal to upgrade seafaring jobs
It also launched a specialist diploma course in maritime superintendency for graduates.
Keppel's Q1 profits jumped 33.7% to $337.47m
Growth was led by the property division, whose profits surged by 298% to $378m.
Chart of the Day: Shipyard orders could reach $6b total in 2018
Analysts gauge orders worth $3b each for Keppel and Sembmarine within the year.
Total orders for Singapore shipyards in Q1 reverse 3-year slump
Keppel and Sembmarine's order books could already be at $4b and $3.5, respectively.
Keppel junks deal to manage TQS shipyard
It cited the downturn in the offshore and marine business.
Sembmarine wins contract to build FPSO for Energean-operated field
The vessel could be worth US$1.36b, according to previous calculations.
Sembmarine could build US$1.36b Energean vessel
Energean awarded an FPSO contract to Technip which reportedly partnered with Sembmarine.
Keppel and Sembmarine could weather Sete Brasil contract exits
Analysts think their rig contracts won’t be cancelled as they are in a more advanced stage of completion.
Keppel eyes construction of three semisubmersible drilling rigs at $560m each
If the deal pushes through, total contract value could go up to $2.3b.
Otto Marine floundering under $1.16b debt pile
It is one of several oil & gas firms still struggling to float after a plunge in crude prices caused contracts to dry up.
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