Shipping & Marine
Sembcorp Marine records 3 consecutive years of losses
The latest six-month average daily market capitalisation was at $2.6b.
Wind turbine installation vessel market to grow ‘significantly': UOB Kay Hian
Sembcorp recently won a contract to build a Wind Turbine Installation Vessel.
Sea-based VTL arrangements to adopt VTF beginning 1 April
The shift is in line with the national initiative to adopt the framework.
Sembcorp Marine bags wind turbine installation vessel project contract
The project is set for completion in early 2025.
Sembcorp Marine's zero-emission ROPAX ferries ready to sail
The first three vessels will be used by Norled.
MPA's 7 focus areas in its decarbonisation blueprint
An additional $300m of funds were also allocated by the MPA.
Gov’t streamlines entry requirements for vaccinated new work permit holders in CMP sectors
The streamlined process will begin on 13 March.
Sembcorp Marine suffers net loss of $1.17b in FY2021
The group attributed this to supply chain constraints and cost provisions of $839m.
Yangzijiang Shipbuilding’s earnings jump 47% YoY to $1.19b in FY 2021
This is the shipbuilding group’s highest net profit since 2011.
Sembcorp Marine finally completes Johan Castberg FPSO project
The FPSO project is currently en route for delivery to Norway.
ST Engineering forms consortium to use unmanned aircraft for deliveries
Included in the consortium are Sumitomo Corporation and Skyports.
Keppel O&M inks contracts worth around $250m from returning clients
Clients include GAS-fifteen, MODEC, and a subsidiary of Royal Boskalis Westminster N.V.
Haulio raises $9.43m Series A led by Temasek’s Heliconia Capital
The digital platform will use the fund to strengthen haulage capacities.
Singapore NODX up 18.4% in December 2021
NORX, meanwhile, was also up by 26% in the same month.
Port of Singapore hits record high container throughput of 37.5 million TEUs
This makes Singapore the top leading maritime city in the world, according to DNV.
SG remains as top maritime city
This is according to the 2022 Leading Maritime Cities report.
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