Shipping & Marine
Sembmarine Q1 profit plunges 67.8% to $1.7m
Sembmarine Q1 profit plunges 67.8% to $1.7m
The absence of large scale contracts slashed revenue from offshore platforms to $15m.
Tuas Terminal to rev up mega port operations progressively starting 2021
The port will be capable of handling up to 65 million TEUs per annum.
Keppel O&M bags integration and upgrading contracts worth $160m
Keppel Shipyard will do integration work for a FPSO vessel whilst Keppel FELS will upgrade the rig Ocean Onyx.
Keppel O&M gets go-ahead to start conversion works for $1.28b FLNG project
The Gimi floating liquefaction vessel is designed to produce 2.5 million tonnes of LNG per annum.
M1 partners with Keppel O&M to test bed self-sailing surface ships
M1’s 4.5G network aims to establish ship-to-shore communication links.
MPA pledges $8.88m funding to train seafarers
The funding will help train 90 Chief Mates and 90 Marine Engineers.
Keppel O&M bags $2m grant to develop self-sailing ship
The autonomous tug is slated for completion in Q4 2020.
Singapore keeps grip on maritime capital crown: report
It maintained its lead despite a weak trade cycle in traditional shopping and offshore oil and gas market.
Singapore launches maritime innovation lab for smart ships
The lab will feature a $9.9m Next Generation Vessel Traffic Management System Lab.
Singapore and Malaysia suspend overlapping port limits
Both countries are looking to start negotiations for maritime boundary delimitation.
Keppel FELS enters novation agreement with Borr Drilling
Borr Drilling will take over the construction of the jackup rig for BOT Lease Co.
Singapore and Malaysia suspend overlapping port limits off Tuas waters
They will revert the limits placed on 25 October and 6 December 2018.
Mermaid Maritime denies selling Mermaid Commander DSV for demolition
The firm has received interest from potential third parties and is still evaluating its options.
Marina developer SUTL Enterprise bags management contract in China
It will manage the two-phased ONE°15 Marina Zhongshan China.
Keppel inks deal with Golar LNG for 30% stake in Gimi MS Corporation
Gimi MS will develop, construct and operate an FLNG facility on the Mauritania and Senegal maritime border.
Sembmarine clinches contracts worth $175m
It includes repair and modernisation works on 13 cruise ships.
Can the utilities segment boost Sembcorp from earnings rut?
Its India operations reversed from a $58m loss in FY17 to a profit of $47m in 2018.
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