Shipping & Marine
MTQ’s 3Q15 profits crash 66% to $2.2m
Due to weak Singapore and Australian offshore markets.
MTQ’s 3Q15 profits crash 66% to $2.2m
Due to weak Singapore and Australian offshore markets.
ICP Ltd appoints Neo Soon Ann as group financial controller
He was financial controller at Accor Group.
Mercator Lines’ losses ballooned to $10.15m in Q3
The market rate for its vessels plunged 34%.
The heat is on: This office literally gets a bit hot for their green drive
Discover how they execute their green initiatives in the office.
Singapore’s largest marine stocks slide 20.2% amid oil rout
The top 5 stocks averaged a 1.3% decline in YTD total return.
Keppel to stick with high dividend to make up for share price crash
Its unit price has plunged by 28% since early 2014.
Courage Marine braces for massive net loss, issues profit warning
It also booked a loss in FY13.
Shanghai widens lead over Singapore as busiest box port
The gap last year was about 1 million boxes.
Vallianz Holdings promotes Ling Yong Wah to CEO
He replaced Yeo Chee Neng who was redesignated as a non-executive director and vice chairman.
Oil price rout turns the tide for loss-making NOL
NOL might finally make a profit this year.
Shipping firms’ debt payment speed deteriorates on back of oil price rout
Smaller players are much more vulnerable.
Shipbuilders to launch fire sales of jackup rigs on back of immense glut
Blame it on the Chinese yards.
Worth a shot: Investors dared to bet on struggling marine stocks as valuations sink to record lows
Oil prices will rebound in 2H15.
COSCO issues profit warning, scraps loss-making Octobuoy project
It will be charged $90m for the discontinued unit.
Keppel FELS delivers seventh KFELS B Class jackup rig to Mexico
Another rig is in the works.
Highly-leveraged offshore players struggle as credit risks intensify
These firms need to service $2.7b worth of debt.
Ezra’s profit plunges 23% in 1Q15
It raked in $52.3m.
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