Shipping & Marine
ASL Marine Holdings’ $31.9m profit within expectations
ASL Marine Holdings’ $31.9m profit within expectations
But the shipping company's revenue declined 22% to S$363.2 million.
NOL capsizes with US$67m loss in the first half
It was an overturn from the US$1 million profit in the same period last year.
Keppel T&T expands warehousing capacity in Singapore
S$17.85mn purchase of Transware Distribution Services will enable Keppel to optimise the land utilization and existing facilities.
Sembcorp Industries’ profit rises 5% to S$335m in 1H11
Its utilities division’s profit also grew by 17% to S$137m.
Keppel Shipyard inks S$146mn deals in 2 countries
The FPSO seals contracts in Brazil and the Philippines.
Sembcorp Marine profit down 8% to $300.4mn
The company’s rig building sector suffered the steepest decline at 56%.
Sembcorp Marine receives order worth US$444m
This brings the company's order wins to a whopping S$2.63 billion year-to-date.
Sinking ship? COSCO profit down 53.4%
The turbulent ride was due to higher income tax expense and lower profit contributions from dry bulk shipping and shipyard operations.
Singapore’s bullish bunker sales of shipping oil hit record high in June
Sales grew to 3.86 million tonnes, equivalent to 128.6 thousand tonnes per day.
Not lost at sea: New system to allow 10,000 ships to be tracked around Singapore
Three years in the making, the new vessel traffic information system has twice the capacity of the existing VTIS.
Keppel on target to complete FSO for Bumi Armada
The FSO will be deployed in Malaysia for the development of the Sepat field for PETRONAS Carigali.
Keppel Corp’s revenue falls 3.7% to S$2.3b
Its offshore and marine division remained the largest contributor to total net profit with a 68% share.
Keppel Corp’s profit up 7% to S$696m
This is compared to the S$651m profit for the first half of 2010.
Non-oil domestic exports 'sluggish' at 4.5% increase in June
This is likely to add another ugly stroke to the set of advance GDP growth figures released last week.
Ezra Holdings’ net profit drops 75% to US$6.6m in 3QFY11
This was mainly due to a fall in gross profit margin of 17% vs. 31% in 3QFY10, with the consolidation of newly acquired AMC.
Global shipping industry to see rough seas over the next 12-18 months
Oversupply of vessels continue to drive the negative outlook for the industry.
Oversupply looms over the horizon
The shipping industry could face shaky waters if demand lags amidst entry of new and bigger vessels.
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