Shipping & Marine
Beng Kuang Marine buys 49% ASOM stake for full control
Beng Kuang Marine buys 49% ASOM stake for full control
ISUSTAINABILITY and SPPG each hold 9.5% of enlarged share capital.
Seatrium posts $15.5b order book, targets margin gains through 2033
The backlog anchors offshore builder into 2033 delivery cycle.
SG-linked Singamas chief tied to US price-fixing shipping case
The alleged cartel fueled Singamas’ swing to a $239m (US$186.8m) profit in 2021.
SGX backs Baltic Exchange in Mercuria lawsuit over crude tanker index
The Swiss trader alleges “hundreds of millions” in losses from the TD3C benchmark.
COSCO winds up East West Freight Services
The subsidiary is expected to be dissolved three months after the lodgement of documents.
PSA Singapore deploys digital radio system to enhance Tuas Mega Port operations
Motorola’s TETRA system supports 4,000 users and 540,000 daily calls across port operations.
Yangzijiang Maritime invests in eight VLCCs for 2028–2030 delivery
The group is also selling four medium tankers with a capacity of 49,800 DWT each.
Singapore welcomes Middle East ceasefire
It called for lasting resolution and protection of shipping lanes.
Yangzijiang Shipbuilding bags 22 vessel orders worth $1.3b in Q1
The group’s outstanding order book stands at $29.3b (US$22.78b) for 256 vessels.
Yangzijiang Maritime names Sun Jianping CFO after controller resigns
Former chief investment officer takes finance role from 20 March.
Maersk expands Asia Pacific logistic with $200m automated distribution centre
The facility created 500 automation and digital jobs.
Game theory in the Gulf: Why Singapore should watch the Middle East carefully
The region sits at the centre of global energy flows.
Marco Polo Marine unit anchors $118m Taiwan offshore wind charter
PKRO will provide emergency towing and salvage services in Taiwan's waters.
Yangzijiang wins appeal setback in arbitration case
High Court upholds earlier arbitration awards.
Singapore backs pact to reinforce WTO trade rules
Actions include a possible permanent moratorium on customs duties on electronic transmissions, amongst others.
Seatrium completes Crescent Yard divestment as Mooreast closes acquisition
Transactions closed on 11 March.
PSA throughput hits record 105m TEUs in 2025
The volume rises 8.7% as revenue climbs.
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