• 25
    Jul

    Making waves in the O&M industry

    The Business Times by NG XIN YU,NEO SIEW KHOON,TAN XUE TING SUPANSA

    THE dip in global trade since 2008 and the decline in demand for freight spelled trouble for the shipping and marine industry. Several firms have succumbed to the economic uncertainties including South Korea's Hanjin Shipping and more recently, Germany's… More

  • 03
    Jul

    Keppel O&M to deliver world's first converted FLNGV

    The Business Times by TAN HWEE HWEE

    Singapore SINGAPORE'S leading yard group Keppel Offshore & Marine (O&M) is on track to deliver the world's first converted floating liquefaction vessel (FLNGV) to Golar Hilli Corporation, a subsidiary of Golar LNG. The vessel, named Hilli Episeyo at… More

  • 29
    Jun

    Keppel secures four vessel conversion and repair projects worth S$85m

    The Business Times by SOON WEILUN

    Singapore KEPPEL Shipyard, a unit of Keppel Corporation, has won four contracts totalling S$85 million for the conversion, repair and modification of vessels. They will be progressively completed from the third quarter of this year until the third quarter… More

  • 29
    Jun

    Oil industry needs to harness new tech to meet growing demand in Asia: BP CEO

    The Business Times by ANDREA SOH

    Singapore WHILE energy demand is slowing due to improving energy efficiency, it will still grow by 30 per cent over the next two decades, with almost all of that coming from emerging economies, especially Asia. This means that the oil and gas industry… More

  • 21
    Jun

    Fewer losses in shipping industry but challenges remain

    The Business Times by DAVID HUGHES

    MARINE insurers have as good a perspective as any on the health of the shipping industry, for the very good reason that they have to pay up when things go wrong. So it is worth paying attention when major insurer Allianz says that, while shipping losses… More

  • 21
    Jun

    Strong leaders may tip scales in this O&M downturn

    The Business Times by TAN HWEE HWEE

    THESE days, it does not take a lot to trigger market talk of a merger between Singapore's two leading yard groups. Sembcorp Industries president and chief executive Neil McGregor's comment about the group undertaking a strategic review sent the stock… More

  • 09
    Jun

    Pacific Radiance receives S$85m lifeline amid prolonged downturn

    The Business Times by JUDITH TAN

    Singapore OFFSHORE marine support services company Pacific Radiance has received S$85 million in loans under two Singapore government-backed financing schemes to help it tide over the prolonged marine and offshore engineering industry (M&OE) downturn.… More

  • 02
    Jun

    IE Singapore, Spring back S$380m lifeline to battered O&M sector

    The Business Times by TAN HWEE HWEE

    Singapore THE Singapore government has backed about S$380 million of loans extended by banks to the beleaguered marine and offshore engineering industry (M&OE) under two schemes announced last November. IE Singapore and Spring Singapore have approved… More

  • 29
    May

    Green shipping struggles in old-fashioned industry

    The Business Times by TAN HWEE HWEE

    Singapore THE chief executive of Helsinki-headquartered W�rtsil� Corporation, Jaakko Eskola, describes shipping as "an old-fashioned industry". Mr Eskola is not alone in making this observation - the industry at large is widely considered to be… More

  • 24
    May

    Keppel Singmarine wins contracts for up to 2 dredgers

    The Business Times by TAN HWEE HWEE

    Singapore A WHOLLY-OWNED subsidiary of Keppel Offshore & Marine has won contracts to build up to two dredgers priced at about S$120 million. The contracts Keppel Singmarine Pte Ltd secured from Codralux SA are for a pair of trailing suction hopper dredgers… More