Shipping & Marine
Here's why unprofitable NOL simply can't stay afloat on its own
Merging with a stronger liner might be the only way out.
Yangzijiang turns to menial shipbuilding jobs as high-value orders disappear
Building margins are now well below average.
ICP Ltd appoints Lee Miau Kheng as CFO
She will replace Soh Chiong Siong who resigned to pursue personal interest.
Sembcorp’s slow order momentum hopeless despite oil price recovery
Surplus and tight competition kept the orderbook sluggish.
NOL keeps sailing despite tougher times ahead
They’re waiting for the peak season to arrive.
Singapore Shipping Corp names Stanley Lai Tze Chang as director
He will also be chairman of the Renumeration Committee and an Audit & Risk Committee member.
Bank loans are the only thing keeping loss-making COSCO afloat
Its operating cash flow has been negative for 6 years.
COSCO descends into the red with $4.8m loss in Q2
Due to losses in shipyard and shipping operations.
The inside story on how loss-making NOL finally managed to book a profit in Q2
It gained massive cost savings from an unexpected source.
NOL finally back in the black with $1.22b profit in Q2
Due to a massive gain from APL Logistics sale.
Mercator Lines hit with $13.6m loss in Q1
Due to the volatile dry bulk shipping industry.
How much is unprofitable Neptune Orient Lines worth?
It could be sold for up to US$1.8b.
Temasek on the lookout for buyers for loss-making NOL
It’s no longer a strategic investment.
Cosco expects to end Q2 in the red
Due to the industry downturn.
Huang Yongfeng quits as AVIC International Maritime Holdings director
He intended to pursue other career opportunities.
Former ST Marine COO, President hit with multiple corruption charges
They’ve been formally charged in the State Courts.
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