• 25
    Oct

    Offshore and marine sector remains key to economy

    The Straits Times by JACQUELINE WOO

    The oil price crash in 2014 has had a catastrophic effect on the offshore and marine sector - one of the jewels in the Singapore economy - and while the pain lingers, some light has appeared at the end of the tunnel. No one is talking about a major… More

  • 23
    Oct

    Bargain hunting in OSV sub-sector still an 'extreme sport' for select few

    The Business Times by TAN HWEE HWEE

    Singapore THE worst may be over for the offshore support vessel (OSV) sub-sector but with recovery still years away, bargain hunting in this sub-sector is only suited for those able to comprehend and stomach the risks involved. Pareto Securities Pte… More

  • 10
    Oct

    Sembmarine shares buoyed by US$1.3b sale of jack-up rigs

    The Business Times by TAN HWEE HWEE

    Singapore SEMBCORP Marine's share price rose on expectations that the US$1.3 billion sale of nine jack-up drilling rigs to Borr Drilling would bolster the yard group's balance sheet. The stock closed at S$1.815 on Monday, up eight cents or 4.6 per cent.… More

  • 06
    Oct

    Keppel unit bags FPSO conversion contract from SBM Offshore

    The Business Times by TAN HWEE HWEE

    Singapore KEPPEL Corporation's shipyard unit has secured a vessel conversion contract valued at an estimated S$100 million to S$150 million from repeat customer SBM Offshore NV. The contract is for the conversion of a very large crude carrier (VLCC)… More

  • 27
    Sep

    Platts to launch price assessments for low-sulphur fuel oil in 2019

    The Business Times by ANDREA SOH

    Singapore OIL pricing agency S&P Global Platts plans to launch new pricing assessments for low-sulphur fuel oil in January 2019. The assessments, to be done in Singapore, Fujairah, Rotterdam and Houston, will come ahead of regulations by the International… More

  • 26
    Sep

    Turning obstacles into opportunities

    The Business Times by HENG CHENG KHAN BRYAN,ISABELLA MARISKA LIEM,LEWIS NAM YI AN,LIM WEI YANG BRYAN

    NOW in its 18th year of operations, Oilfield Services & Supplies Pte Ltd (OSS) is a Singapore company that manufactures, services and provides rental of tools and components for the oil, gas and mining exploration and production industries. Founded… More

  • 21
    Sep

    Swissco lands US$28.5m offer for offshore support vessel business

    The Business Times by TAN HWEE HWEE

    Singapore THE court-appointed judicial managers (JMs) of Swissco Holdings have secured an offer valued at US$28.5 million from a white knight investor for the offshore support vessel (OSV) business of the beleaguered Singapore-listed offshore and marine… More

  • 19
    Sep

    SembMarine inks LOI with US firm to deliver S'pore's first CGL carriers

    The Business Times by TAN HWEE HWEE

    Singapore A SUBSIDIARY of yard group Sembcorp Marine (SembMarine) has signed a letter of intent (LOI) with Houston-based SeaOne Caribbean LLC that may mark the design and construction of the first pair of compressed gas liquid (CGL) carriers in Singapore.… More

  • 25
    Aug

    Keppel's US unit lands US$400m contract to build LNG vessels

    The Business Times by ANITA GABRIEL

    Singapore KEPPEL Corp's wholly owned offshore and marine unit has clinched a contract worth more than US$400 million from a Honolulu-based ocean shipping firm to build two liquefied natural gas (LNG) vessels. Under the contract for the dual-fuel LNG… More

  • 28
    Jul

    Premature to bet on a merger of Singapore's leading yard groups

    The Business Times by TAN HWEE HWEE

    A BROKER report reviving the merger talk between Singapore's two large yard groups has triggered spikes in trading volumes mainly for Keppel Corporation and the listed marine arm of Sembcorp Industries. DBS Vickers suggested in a research note on Thursday… More