Shipping & Marine
Grand Banks Yachts floats back to black with $7,000 profit
This is thanks to improving yacht sales and orders.
Grand Banks Yachts floats back to black with $7,000 profit
This is thanks to improving yacht sales and orders.
ASL Marine sinks into the red with $6.7m losses
The engineering business was plummeting.
Yangzijiang has no dog in the PPL Shipyard stake fight with Sembcorp
Transaction value sits only at 2.3% of its market cap.
SembMarine snaps up remaining shares in PPL Shipyard for $155.6m
PPL boosts SembMarine’s rig capabilities, the release said.
SGX’s maritime and offshore index creeps up 1% to 312.88
Recovering crude oil fueled the increase.
Sembcorp Marine to acquire LMG Marin AS for $27m
It is after LMG’s cutting-edge ship designs.
Can Yangzijiang get back on its feet by year-end after an underwhelming 2Q?
Its order book stands at $6.5 billion at end-2016.
MPA to sponsor up to $50,000 of listed maritime firms’ sustainability reports
It is luring firms to comply with the new requirement.
Piracy incidence in Singapore Strait sinks
Only 5 incidents are recorded so far this year.
Chart of the day: Fewer FPS projects reaching bidding stage leaves shipyards project-starved
Only 50 of 241 planned projects have made it so far.
Plummeting profits to hound Singapore shipyards until 2021
Newbuild rig order numbers remain close to nil.
Ezion may be hit with more losses as capex soars, analyst says
Current cost of sale at $65.9m already hurt its profit.
Ezion’s net profit sinks 31.5% to US$19.8m in 2Q16
Deployment of additional service rigs pulled its earnings down.
4 key risks that could keep Cosco stuck in the doldrums
Price wars among the Chinese yards is one.
Yangzijiang’s net profit sinks by 60% to $83.8m in 2Q
It didn’t have a one-off gain to bank on for this quarter.
Swiber’s judicial management order only delays the inevitable: analysts
It’s only valid for 180 days.
Swiber drops liquidation plans after talks with major financial creditor
It will be placed under judicial management instead.
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