Shipping & Marine
Pacific Radiance deploys vessel on 5-year $90m contract
As part of its diversified fleet strategy.
Pacific Radiance deploys vessel on 5-year $90m contract
As part of its diversified fleet strategy.
COSCO battered by deteriorating margins and massive project cancellations in Q3
There’s no turnaround in sight for the shipbuilding firm.
Pressures mount for NOL as net losses hit $29.7m in Q3
Headwinds will sustain in the near term.
Keppel FELS clinches $308m contract for jack-up rig
Similar to PPL Shipyard’s Hakuryu 14.
Sembcorp’s PPL Shipyard secures $308m rig contract for October 2016
Latest gen rig capable of drilling depths of 35,000ft.
Ezra’s profit plunged 19% to $95.37m in FY14
Blame it on lower operating income.
Sembcorp Marine amasses a total of $1.95b FPSO projects in 2H14
On top of $1.93b wins in jack-up rigs and drillships in 1H14.
Vallianz secures $81.5m worth of new charter contracts
It has also completed its acquisition of OER Holdings.
Nam Cheong mulls sale of 20 vessels for almost $270m
It has received letters of intent from five customers.
Triyards Holdings seals 100% acquisition of Strategic Marine
Just a day after announcement of proposal.
Triyards to acquire Strategic Marine for $25.9m
It’s increasing its shipbuilding and fabrication capability.
Vard warns shareholders of negative earnings in Q3
Blame it on cost overruns in some projects.
Libra Group issues 15m placement shares at $0.20 each
The company now has over 114m issued shares.
Sembcorp’s Jurong shipyard secures $886m FPSO conversion contract for Libra
Scheduled for completion in 2016.
The ship is shrinking: NOL’s fleet capacity to dip 5% after retirement of 34 vessels
Will this move curb the firm's losses?
SMRT unveils $200m fixed-rate note issue
Its interest rate is 1.388%.
Offshore and marine stocks tumbled 7.2% as oil price jitters escalate
Brent crude fell 9% over the last month.
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