• 01
    Mar

    Keppel set to land US$425m rig-building deal

    The Business Times by TAN HWEE HWEE

    Singapore THE offshore and marine arm of Keppel Corporation has won a letter of intent (LOI) for potentially the first rig-building project to be awarded during this protracted offshore and marine (O&M) downturn. Keppel O&M's subsidiary Keppel Fels… More

  • 23
    Feb

    Singapore M&OE remains relevant despite headwinds

    The Business Times by TAN HWEE HWEE

    Singapore SINGAPORE will stay relevant in the global marine and offshore engineering (M&OE) industry despite the recent headwinds from a prolonged sectoral downturn. This is a key message embedded in an industry transformation roadmap (ITM) launched… More

  • 22
    Jan

    SLNG terminal has enough capacity to replace piped gas if necessary: CEO

    The Business Times by ANDREA SOH

    Singapore SINGAPORE'S liquefied natural gas (LNG) terminal has completed a recent expansion and now has enough capacity to meet the city-state's total gas demand, even if it were to stop importing natural gas through pipes. The five-year-old terminal… More

  • 30
    Nov

    It's time to pick up the pieces and rebuild Singapore's O&M sector

    The Business Times

    A MULTI-YEAR downturn has taken a toll on job numbers in Singapore's offshore and marine (O&M) sector. With foreign workers and seafarers making up the bulk of headcounts on hire, tracking down the overall job losses in the sector is virtually impossible.… More

  • 15
    Nov

    Provisions offer clue to oil & gas sector turning the corner

    The Business Times by JACQUELINE WOO

    Singapore MARKETS were taken by surprise early last week when DBS Group Holdings unveiled a decisive move to clean up its exposure to troubled borrowers in the oil-and-gas sector. The bank nearly doubled its provisions for bad debts to S$815 million… More

  • 10
    Nov

    Yangzijiang posts 208% surge in Q3 earnings

    The Business Times by JACQUELINE WOO

    Singapore HIGHER turnover helped boost earnings at Yangzijiang Shipbuilding (Holdings) by more than three times in the third quarter. The Chinese shipbuilder on Thursday reported a net profit of 866 million yuan (S$177 million) for the three months… More

  • 08
    Nov

    CMA CGM confirms order for nine super-sized LNG-powered box ships

    The Business Times by TAN HWEE HWEE

    Singapore THE contest to build ever-larger container ships is heating up, but with a greener twist. Box ship giants are now racing to also build a fleet that will comply with stricter emissions rules. On Tuesday, Marseilles-based CMA CGM confirmed a… More

  • 07
    Nov

    Soilbuild, Super families to help refloat Marco Polo

    The Business Times by TAN HWEE HWEE

    Singapore TWO families behind household names in real estate and the consumer-goods sectors, Soilbuild and Super Group respectively, have been identified as being among white-knight investors looking to extend a S$60 million lifeline to troubled listed… More

  • 01
    Nov

    Oil treads US$60 line to lift O&M stocks

    The Business Times by CAI HAOXIANG

    Singapore AS INVENTORIES fall and expectations build on a sustained output cut, Brent crude oil prices stayed above the psychologically important US$60 a barrel mark for a third day in a row. Singapore Exchange (SGX) oil and gas stocks, as represented… More

  • 01
    Nov

    Sembmarine back in the black with Q3 net profit of S$2.72m

    The Business Times by TAN HWEE HWEE

    Singapore SEMBCORP Marine returned to profitability in the third quarter with a net gain of S$2.72 million, a reversal from a loss of S$21.79 million for a year-ago period despite a tough operating environment in the offshore and marine (O&M) sector.… More