Shipping & Marine
Hydromover 2.0 launches in Singapore, eyes UAE rollout
Hydromover 2.0 launches in Singapore, eyes UAE rollout
The electric cargo vessel offers longer range and larger payload.
Autonomous vessel fleet set for 2026 launch; Tuas Port Phase 2 reclamation nears 80% completion
Murali Pillai unveils 65M TEU Tuas Port, Digital Twin pilots, and autonomous USV trials.
Beng Kuang to take full control of ASOM in $60m deal
The group is expected to hold a 100% equity stake.
SeaLead COO Cho Kit Wei steps up as CEO amidst softer global shipping demand
The 20-year veteran takes over on 2 March to navigate weaker volumes and global trade swings.
Electronics surge drives 9.3% jump in January exports
Growth was supported by a strong demand for AI-related products.
ASL Marine H1 net profit jumps to $17.1m
Interim dividend set at $0.0013 a share as finance costs fall 72.8%.
Beng Kuang net profit falls 41% to $12.5m
Profit before tax declined to $16.5m from $25.4m.
NODX growth seen at up to 4% as global trade cools
AI demand and high gold prices provide a buffer against the slowdown.
Seatrium contests Petrobras counter-claim of $107.5m in P-54 vessel conversion case
The dispute concerns a 2004 contract for the conversion of the P-54 floating production storage and offloading unit.
COSCO Singapore projects 35% profit jump to $7.4m in 2025
Logistics, ship repair, and marine engineering segments fuelled the growth.
Venterra deepens hold on APAC’s offshore energy with expanded Singapore facility
The new facility adds office, storage, and testing space for 14 specialists at Venterra.
HPH Trust FY2025 net profit jumps 15% as DPU hits 1.87 cents
Operating profit climbed 8% to $756.8m during the period.
IMDA aims to reduce paper trail in maritime sector amidst electronic bills push
Digital trade platforms and shipping firms can obtain funding support for adopting TradeTrust under the TradeTrust Readiness Programme.
Customs collects $12.1b in revenue amidst ramped-up enforcement
Revenue collections and faster processing mark operations.
Halom Investments buys 150 million shares in Marco Polo Marine
The purchase was made via a secondary market deal on 22 January.
Trade steadies as tech offsets export swings: analysts
Non-oil re-exports jumped 15% YoY in December, with a surge to the US, Nomura said.
Electric Incat Hydromover 2.0 vessel begins cargo delivery to ships in Singapore Strait
It is transporting light cargo to vessels anchored in the strait waiting to dock at the city-state’s port.
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Commentary
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