Shipping & Marine
Jurong shipyard fined $230,000 over safety lapses causing fatality
Jurong shipyard fined $230,000 over safety lapses causing fatality
One worker died due to a shortage of clearance distance in 2015.
Competition watchdog rejects merger of 2 maritime suppliers
The merger will give the new company a 'substantial' market share that could wipe out potential competition.
Keppel reveals price of dredger contracts with Van Oord: $212m
It answered a query from the Singapore Exchange to disclose transaction details.
Sembcorp Marine finishes 3 Culzean topsides
They were built at Sembmarine’s Admiralty Yard for 32 months.
Sembcorp Marine wins Shell Vito vessel contract
This followed the signing of a letter of intent on 5 December 2017.
Keppel O&M to build suction hopper dredgers for Van Oord
The two dredgers are expected to be completed in Q4 2020 and Q2 2021 respectively.
Keppel sells 5 jackup rigs to Borr Drilling for $1b
It expects 1 rig to be delivered in 2019 and 4 others in 2020.
Sembmarine completes world's first 40-year FSO vessel
FSO Ailsa will sail for the Culzean field in the UK North Sea next month.
Sembcorp Industries Q1 profits plunged 34.1% to $76.65m
It blamed low business volume in its marine segment and low land sales.
Sembmarine risks sinking in 2018 despite new orders
It still has to work through the 2016-2017 orders that were secured at lower-than-average EBIT margins.
Singapore gives $6.5m to International Maritime Organisation
It also launched a 5-year technical cooperation with IMO for fellowships, workshops, and scholarships.
Sembmarine Q1 profits sank 85.7% to $5.32m
It said recovery in rig orders will take some time as drilling segments remain oversupplied.
MPA inks $1.46b contract for Tuas Terminal Phase II development
It is part of the seven deals it signed with maritime partners.
2 in 3 shipping bosses look to e-commerce for digitising their firms
The other sectors they looked to were the transport and fintech & banking sectors.
Singapore inks deal to upgrade seafaring jobs
It also launched a specialist diploma course in maritime superintendency for graduates.
Keppel's Q1 profits jumped 33.7% to $337.47m
Growth was led by the property division, whose profits surged by 298% to $378m.
Chart of the Day: Shipyard orders could reach $6b total in 2018
Analysts gauge orders worth $3b each for Keppel and Sembmarine within the year.
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