Shipping & Marine
Cosco secures delivery of Fortaleza Knutsen to European buyer
Cosco secures delivery of Fortaleza Knutsen to European buyer
The shuttle tanker measures 246.8m length of all, 42m in breath and 22.5m in depth.
DBS: Cosco likely to bag USD 3bln worth of contracts in 2011
The shipping company could earn USD 1.05bln from LOIs for drilling units with Sevan.
Keppel FELS receives second jackup rig order at US$180mn
Jasper Investments has exercised its option with Keppel FELS to build a second KFELS B Class jackup rig for delivery in 1H2013.
Sembcorp Marine wins 8 ship refit order from Canadian shipper
The signing of the contract commits Sembawang Shipyard to a long-term alliance contract with Teekay Marines.
Sembcorp Marine bags US$427.6mn contract
The deal is for Sembcorp Marine to build two more premium jack up rigs for Noble.
Japan crisis may drag down Singapore shipments:OCBC
Recent NODX figures came in disappointing, although OCBC's and market forecasts did have little impact in the market given the nuclear crisis in...
Lacklustre exports seen to be temporary:DBS
Despite ongoing worries on high oil prices derailing growth, PMIs of key markets have remained in the expansion zone.
Non-oil domestic exports to the US rose by 20% in February 2011
However, NODX to Indonesia and Hong Kong declined by 17% and 6% respecively, due to electronic and non-electronic NODX.
Oil domestic exports declined by 10% month-on-month in February 2011
This is in contrast to a rise of 28% in the previous month while oil domestic exports expanded by 22 per cent on a y-o-y basis.
Managing the fallout: The impact of the Fukushima disaster on Japan's food exports
The explosions at the nuclear reactors at the Fukushima Daiichi nuclear complex have also raised concerns about the radiation effects on food...
Total trade contracted by 6.3% month-on-month in February 2011
On a y-o-y basis, total trade rose by 6.4%, following the 14% increase in the previous month.
Non-oil domestic export jumped by 7.8% in February 2011
Non-electronic NODX expanded by 20% while electronic NODX contracted by 13% in February this year.
Strong export sales expected in 2H 2011:DBS
As long as Asia central banks do not "overkill" in their monetary tightening, Singapore should see external demand picking up again towards the...
Non-oil domestic export may have moderated to 12.3% in February 2011
Export figure is expected to decrease following a robust expansion of 20.8% in the previous month.
Cosco client cancels order
Cosco Dalian, Cosco Shipyard's subsidiary, following the request from an Asian shipowner, cancelled the ship building contract for one unit of bulk...
Keppel Shipyard bags two contracts worth $170mn
The news jobs comprise completing a Pipe Laying Vessel for Saipem S.p.A and converting a Floating, Storage and Offloading vessel for Bumi Armada...
Shipbuilding could be challenging beyond 2012:DBS
Weakness in the Baltic Exchange Dry Index is expected to result in a slow down in order flows.
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