27 January 12 | The Business Times by Kelly Tay
MAINBOARD-LISTED marine logistics firm Ezion Holdings yesterday revealed that it has secured a US$93.5 million charter contract to deploy a service rig in North America. The announcement saw investors rallying behind the counter, with Ezion shares jumping as much as 3.5 cents to 76 cents per share during yesterday's trade, before closing two cents or 2.8 per cent higher at 74.5 cents per share....
27 January 12 | The Business Times by Lynn Kan
ROYAL Caribbean Cruises chairman and CEO Richard Fain has taken a look around the new but yet-to-be-launched International Cruise Terminal (ICT), and he likes what he saw. More importantly, Miami-based Mr Fain told BT that he has been told the ICT would be ready for the arrival of the Voyager of the Seas, the cruise line's largest ship to be introduced into Asia, when it berths on May 26....
27 January 12 | The Straits Times by Robin Chan & Lennard Ong
A KEY measure of shipping freight rates has fallen to its lowest level in three years amid a slowdown in trade and an oversupply of ships. Shipowners are now charging customers near rock bottom prices to move cargo. The Baltic Dry Index (BDI), a benchmark measure of the price of shipping commodities such as iron ore, coal and grain, has dropped for 26 straight sessions since the middle of...