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

NEWS

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China's crucial role in the maritime world

NOBODY in this region of the world is likely to be surprised by the idea that it is good to have China onboard if you want to get something done internationally.

That realisation is starting to gain traction generally and shipping industry insiders have long understood how important China is in the maritime world. That is one reason why so many of them were at the Marintec conference at Shanghai ...more

MPA pumps S$12 million more to promote S'pore's LNG bunkering

Singapore

THE Maritime and Port Authority of Singapore (MPA) has injected another S$12 million to boost Liquefied Natural Gas (LNG) bunkering in the Port of Singapore.

Half the amount has been set aside to co-fund the building of new LNG bunker vessels (LBVs) to facilitate the development of ship-to-ship LNG bunkering in the Port of Singapore, while the other half will be used to ...more

Slippery coating could save maritime industry $40 billion a year

A slippery coating could save the maritime industry billions of dollars by keeping pesky organisms such as mussels and algae off ships.

These organisms, which increase fuel consumption by causing frictional drag and are difficult to remove, are estimated to cost the shipping industry $40 billion worldwide each year.

A joint research project by Harvard University and Nanyang Technological ...more

Cosco and PSA to launch new berth in S'pore

China's Cosco Shipping Ports is launching a new berth at its joint venture container terminal with PSA in Singapore.

The two parties inked a memorandum of understanding yesterday for the berth, which will be Cosco Shipping Ports' third at the Pasir Panjang Terminal.

This will raise the handling capacity of the terminal, Cosco-PSA Terminal, to a total of three million twenty-foot ...more

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
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