Shipping & Marine
Sembcorp Marine needs $1b-2b annual contracts to stay afloat
The only good news is earnings are stabilising after its $22m loss in 3Q16.
Sembcorp Marine needs $1b-2b annual contracts to stay afloat
The only good news is earnings are stabilising after its $22m loss in 3Q16.
Sembcorp Marine eyes dividend cut
Deferment and cancellation risks remain prevalent in the current climate.
Sembcorp Marine suffers $21.8m net loss in 3Q
Gross profits for the first nine months also plunged 44% to $258m.
Chart of the Day: Check out how office supply is expected to expand next year
Around 2.9m sq ft of spaces will be available for tenants in 2017.
Shipping trust firm Rickmers’ investors demand bond repayment asap
Noteholders are stating their desire to take legal steps.
Cosco delays delivery of the newbuild drilling rig Sevan Developer yet again
It will refund 5% of the contract price.
Foo Hui Min resigns as Jason Marine Group's chief financial officer and company secretary
Effective on October 30, 2016.
Pier Francesco Ragni steps down as Vard Holdings' non-executive director
It's effective on September 30, 2016.
Giuseppe Bono steps down as Vard Holdings' non-executive chairman
It is due to internal reorganization in the company.
Vard Holdings acquires Storvik Aqua AS for $5.96m
It will enable to group to deliver fish farming vessels.
ST Marine unveils Singapore Navy's third littoral mission vessel
It will soon embark on harbour acceptance trials.
Vard Holdings names Claudio Cisilino and Giuseppe Coronella as directors
Cisilino is also member of the audit committee and the remuneration committee.
Manhattan Resources to sell vessels for $18m
It plans to dispose 22 tugs and 22 barges.
Otto Marine's net losses skyrocket 637.2% to $25.1m
Blame it on lower contributions from all segments.
Sembcorp Marine extends standstill agreement with North Atlantic Drilling
It delayed the delivery of West Rigel rig to January 2017.
Pan-United Corp sells its Tug and Barge business for $29.9m
It incurred a net loss of $4.1m in 1H16.
Bleak outlook for Hutchison Port Holdings Trust’s Hong Kong ports remains
Throughput growth for two ports still in the downtrend.
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