A comprehensive listing of companies concerned with shipping, bunkers/supplies, freight forwarding, maritime and supporting industries.

NEWS

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Delay means less competition for Singapore

A delay in the $45.5 billion project on Carey Island may deal a blow to Malaysia and its maritime ambitions, but it could be a boon for Singapore as a key port in the region.

The proposed deep-water port on Carey Island was meant to challenge Singapore's dominant position as South-east Asia's trans-shipment hub.

But falling volumes at Malaysia's main Port Klang due to global shipping ...more

Marco Polo wins unanimous support as it fends off downturn

Singapore

MARCO Polo Marine has emerged as the first listed group to win support from both its noteholders and creditors towards taking severe haircuts in order to make way for new equity injection in this offshore and marine (O&M) downturn.

On Thursday, the listed parent company and its key subsidiary, Marco Polo Shipyard Pte Ltd (MPSY), secured majority votes from scheme creditors ...more

Cosco Shipping gains 7.3%; shares highest in over two years

Singapore

SHARES in Cosco Shipping International (Singapore) Co rose by as much as 11.9 per cent on Tuesday morning to a 2.5-year high, continuing a week-long surge.

The counter eventually closed at 58.5 Singapore cents, up four cents or 7.3 per cent, from its previous close on Monday. It was the third-most heavily traded counter with some 104.6 million shares changing hands on Tuesday. ...more

Why the Arctic is of interest to Singapore

The icy Arctic may be a world apart from sunny Singapore, but the Republic has many "defensive and aggressive" interests in the region, said Ambassador-at-Large Tommy Koh yesterday.

Speaking at a seminar on Arctic developments at the National Museum of Singapore, Professor Tommy Koh pointed to how melting ice caps could open up new trade routes that may affect the Republic's shipping hub ...more

Vallianz posts more than 400% jump in Q2 earnings to S$5.2m

Singapore

HIGHER operating profits helped send earnings soaring by more than 400 per cent at Vallianz Holdings in the second quarter.

The offshore support vessel owner and operator yesterday reported a net profit of US$5.3 million (S$7.2 million) for the three months ended Sept 30 - well up on the US$924,000 from the same period a year earlier.

Revenue dropped 24.8 per cent ...more

Oil treads US$60 line to lift O&M stocks

Singapore

AS INVENTORIES fall and expectations build on a sustained output cut, Brent crude oil prices stayed above the psychologically important US$60 a barrel mark for a third day in a row.

Singapore Exchange (SGX) oil and gas stocks, as represented by the FTSE ST Oil and Gas Index, traded near a 23-month high, propelled by optimism that the worst is over.

Torbjorn Kjus, ...more

New vessels join PIL fleet amid recovery in box ship industry

Singapore

THE timing could not be more perfect for Singapore's largest box ship owner-operator, Pacific International Lines (PIL). The delivery of the largest ships to go on its fleet in the next 18 months comes just when box trade is recovering from a multi-year trough.

Drewry Shipping Consultants projected that the box ship industry will wrap up 2017 with US$1.5 billion in operating ...more

Ferry sector confronts new sulphur rules

THE challenges and opportunities posed by alternative fuels came to the fore during global ferry operator organisation Interferry's annual conference in Split, Croatia, earlier this month.

Operating on relatively short routes and typically within territorial waters or exclusive economic zones, the ferry sector is particularly affected by increasing environmental regulation.

The global ...more

Bargain hunters on the prowl for O&M assets

Singapore

WITH oil prices stabilising at around US$50 per barrel, oil companies now have the needed visibility to revisit deferred upstream projects, though this has not led to a recovery in the embattled offshore and marine (O&M) sector - yet.

Industry watchers suggested that even with a rebound in upstream contracting now in sight, contractors can only look forward to improve their ...more

MPA given powers to block purchase or disposal of stake in key entities

Singapore

THE Maritime and Port Authority of Singapore (MPA) will now have the power to reject an acquisition or disposal of equity interest in key designated entities, if it deems they hurt the port's interests.

"These designated entities include designated public licensees, designated business trusts and designated equity interest holders," said Senior Minister of State for Transport ...more

MPA to set safety standards for vessels in inland waterways

Vessels plying inland waterways will have to meet new safety standards after changes to the Maritime and Port Authority of Singapore (MPA) Act were passed in Parliament yesterday.

The changes vest the MPA with the power to set standards for vessels operating in reservoirs and other inland waterways.

It will work with national water agency PUB, which licenses such vessels, to develop ...more

IMO taking steps to cut greenhouse gas emissions by shipping sector

Singapore

INTERNATIONAL shipping needs to halve greenhouse gas (GHG) emissions to 400 million gross tonnes by 2050 to align with the goals of the COP21 Climate Change pact that was ratified by world leaders in 2016.

This aggressive requirement spurred the International Maritime Organization (IMO) to roll out a GHG emission roadmap last October, the head of air pollution and energy ...more

2 new members join alliance backing low-carbon shipping

Two new members, Bureau Veritas and the Port of Rotterdam, have joined an international initiative supporting low-carbon shipping.

They are the latest additions to the IMO-Global Maritime Energy Efficiency Partnerships Project Global Industry Alliance (GIA), which now comprises 16 industry players who have joined hands to collectively address barriers to the uptake and implementation of energy-efficient ...more

Anchors aweigh for next leg of Maritime Singapore

Singapore

SINGAPORE should focus on deepening and broadening its connectivity, innovation creation and talent development if it aims to continue thriving as a global maritime hub amid disruptions from changing market landscapes and technology in the digital age.

This is the focus of the vision put forth by the committee tasked to take Singapore forward to International Maritime Centre ...more

MPA road map charts S'pore's maritime future

Singapore has built up its reputation as a bustling international maritime hub over the past decades, but it now has a new detailed road map to chart the next phrase of growth.

The aim, as laid out by the International Maritime Centre (IMC) 2030 Advisory Committee in its report, is for Singapore to become the global maritime hub for connectivity, innovation and talent.

The Maritime ...more
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