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World's biggest container ship calls at Singapore

THE world's newly crowned largest ship by container volume made her imposing maiden call on Singapore yesterday - dwarfing nearby vessels. The colossal CSCL Globe, which steamed into a new berth at Pasir Panjang port, is 400m long, almost 60m wide, and weighs in at more than 56,000 tonnes without cargo. The surface area of the more than US$150 million (S$196 million) titan is so vast it could fit...


Cheaper oil could continue into 2015, to global benefit

IN the past two weeks, the oil price plunge has accelerated, capping a year in which oil has lost more than one-third of its market value. Crude oil, for instance, has fallen 36 per cent this year alone as it dipped to below US$70 a barrel.The impact of the oil price decline has generated divided opinion. On the one hand, policymakers are betting on this development to spur economic growth: lower...


PSA chairman conferred Belgian national honour

SingaporePSA Group chairman Fock Siew Wah was conferred a Belgian national distinction on Thursday.Mr Fock was bestowed the award of "Commander of the Order of the Crown" from King Philippe of Belgium for his merit, dedication and services rendered to the European nation.He received the award from Princess Astrid of Belgium, who was visiting PSA as part of the Belgian Economic Mission in...


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