• 04
    Dec

    SembMarine may turn in operating profits in 2019 as work ramps up

    The Business Times by TAN HWEE HWEE

    Singapore NOW that a large chunk of projects on Sembcorp Marine's multi-billion-dollar order book is under construction, its management is optimistic that the large-cap offshore and marine group may turn profitable at the operating level next year.… More

  • 04
    Dec

    New framework to boost digital literacy in marine sector

    The Straits Times by NG JUN SEN

    In a bid to improve the digital literacy of the 23,000 Singaporeans working in the marine and offshore industry, the National Trades Union Congress (NTUC) rolled out a new training initiative to help workers and companies raise their skills. This "digital… More

  • 30
    Nov

    STE marine unit poised to land contract valued up to S$400m

    The Business Times by TAN HWEE HWEE

    Singapore THE marine arm of defence and engineering group, Singapore Technologies Engineering (STE), is poised to clinch a contract valued at under S$400 million with Singapore's Police Coast Guard (PCG). ST Marine was named winner in a public tender… More

  • 19
    Nov

    First Asian ship fuelled by methanol may set sail from Singapore next year

    The Business Times by TAN HWEE HWEE

    Singapore THE first ship destined to operate in Asian waters using methanol, a fuel touted with greener potential than liquefied natural gas (LNG), is expected to set sail in Singapore late next year - that is, if a pilot project takes off as planned.… More

  • 30
    Oct

    SembMarine wins deals worth more than S$200m

    The Business Times by ANNABETH LEOW

    Singapore OFFSHORE and marine group Sembcorp Marine is set to build its first battery-operated passenger ferries for Norwegian operator Norled AS. Three hybrid vessels will be delivered in the fourth quarter of 2020, as Sembcorp Marine plunges into… More

  • 23
    Oct

    SembMarine unit secures US$166m job on Teekay vessel

    The Business Times by WONG KAI YI

    Singapore SUBSIDIARIES of Sembcorp Marine (SembMarine) and Teekay Offshore Partners have signed a US$166 million agreement for engineering, procurement and construction works related to the modification, repair and life extension of Teekay's Petrojarl… More

  • 18
    Oct

    Oil price at US$80 may be the grease for an O&M recovery

    The Business Times by TAN HWEE HWEE

    Singapore THE rise in Brent Oil to above US$80 a barrel since late September has fanned expectations that the beleaguered offshore and marine (O&M) sector is seeing light at the end of the tunnel. But the rising tide will not lift all boats and investors… More

  • 11
    Oct

    Oil price rally sends shares of OSV operators surging

    The Business Times by ANNABETH LEOW

    Singapore OFFSHORE supply vessel (OSV) operators have seen a marked recovery in their shares amid the recent oil price rally, according to a Singapore Exchange (SGX) report on Wednesday. The 29 OSV stocks trading here notched an average price rebound… More

  • 09
    Oct

    Winners and losers among Singapore companies in current oil surge

    The Business Times by TAY PEK GEK

    Singapore BRENT crude oil prices are up more than 30 per cent this year and holding - but it won't be a case of a rising tide lifting all boats. While the rally stirs hope for investors tracking the oil and gas sector, high oil prices are a concern for… More

  • 08
    Oct

    Keppel to build another two LNG carriers for Stolt-Nielsen

    The Business Times by MARISSA LEE

    Singapore KEPPEL Offshore & Marine (Keppel O&M) customer Stolt-Nielsen Gas has exercised its options for Keppel to build for the company two additional small-scale liquefied natural gas (LNG) carriers worth a total of around S$105 million, Keppel said… More