• 17
    Jan

    Vallianz to get S$7m cash injection from Greatwill Asset

    The Business Times by SOON WEILUN

    Singapore BELEAGUERED offshore marine solutions provider Vallianz Holdings is getting a S$7-million cash injection even as it seeks to streamline its operations. It said in an after-market release on Monday that Greatwill Asset Global Limited, an investment… More

  • 09
    Jan

    JTC gives O&M lessees and tenants rental rebates of 3-10% for 2017

    The Business Times by TAN HWEE HWEE,LEE MEIXIAN

    Singapore TO support the beleaguered offshore and marine (O&M) industry through a protracted downturn, JTC has given between 3 per cent and 10 per cent in rental rebates to all its O&M tenants and lessees for 2017. This marks the first rental rebate… More

  • 05
    Jan

    Global sulphur cap may boost O&M infrastructure

    The Business Times by TAN HWEE HWEE

    Singapore THERE is hope within the offshore and marine (O&M) industry that with the International Maritime Organization (IMO) paving the way for a 2020 global sulphur cap, demand is set to expand for marine infrastructure required in the liquefied natural… More

  • 04
    Jan

    Keppel Corp counting on diversity for growth

    The Straits Times by WONG WEI HAN

    More challenges in the offshore and marine industry await Keppel Corp, but the conglomerate can count on its diverse business lines for resilience and growth. That was the new-year message from chief executive Loh Chin Hua yesterday as he urged his… More

  • 03
    Jan

    Oil price rebound may boost O&G contracting

    The Business Times by TAN HWEE HWEE

    Singapore A REBOUND in oil prices towards the end of 2016 - if sustained through 2017 - may stimulate a recovery in offshore and marine contracting activity linked to conventional upstream oil and gas (O&G) projects. But listed yard groups have not… More

  • 20
    Dec

    ST Marine, Penguin to build vessels for SCDF

    The Business Times by TAN HWEE HWEE

    Singapore SINGAPORE Technologies Marine (ST Marine) has, in a joint bid with Penguin International, won the first shipbuilding contract awarded by the Singapore Civil Defence Force (SCDF) for three rescue vessels. Neither ST Marine nor Penguin disclosed… More

  • 18
    Nov

    SembMarine rides on proposed sale of Cosco Shipyard stake

    The Business Times by ANDREA SOH

    Singapore SHARES in Sembcorp Marine (SembMarine) continued rising for a second day on Thursday, as analysts say that the proposed sale of its interest in Cosco Shipyard Group (CSG) will reduce the drag that the loss-making firm had been making on SembMarine's… More

  • 15
    Nov

    Doing it the Amos Way

    The Business Times by AARON LOW

    AS A small local firm in a competitive industry, marine and offshore firm Amos International relies on productivity to maintain its edge. The firm has consistently paid attention to productivity processes and has even developed its own philosophy of… More

  • 04
    Nov

    KrisEnergy launches capital restructuring exercise; Keppel in talks to support plan

    The Business Times by ANDREA SOH

    Singapore KEPPEL Corp is in talks to support KrisEnergy in its proposed preferential offering which would give the financially-strapped upstream oil and gas firm a lifeline as it announces a fourth straight quarter of losses. Shares in both companies… More

  • 01
    Nov

    R&D centre for marine and offshore sector opens in S'pore

    The Straits Times by JACQUELINE WOO

    The opening of Singapore's first national research and development centre for the marine and offshore engineering industry yesterday comes at a time of severe stress for the struggling sector. The collapse in crude price has hit several local firms… More