Shipping & Marine
NOL sinking with demand-supply mismatch
Anemic demand and excess capacity combine for a perfect storm till mid-2012.
NOL sinking with demand-supply mismatch
Anemic demand and excess capacity combine for a perfect storm till mid-2012.
NOL: Hapag-Lloyd bid reports false
Neptune Orient Lines clarified it is not making another bid for a stake in Hapag-Lloyd.
Will Noble continue to sink in 4Q11?
The company’s share price fell 25% in 3Q11, but DMG believes somebody can steer Noble to the right direction.
Marco Polo Marine’s revenue jumps 38% to S$20.3m in 4Q11
The group also recorded a higher effective tax rate of 28.4% due to higher contributions from Indonesia and Australia.
COSCO Corporation's Vice Chairman resigns
Jiang Li Jun will be replaced by Wu Zi Heng.
Ezion Holdings’ revenue down 8.1% to US$31.9m in 3Q11
However, Ezion still posted a steady quarter as its gross profit rose 27.3% to US$15.8m.
Swiber’s profit surges 93.1% to US$13.5m in 3Q11
As it had bagged a record number of contracts worth US$758m YTD.
Otto Marine President and Group Chief Executive Officer retires
Lee Kok Wah will serve as Advisor to Chairman and Group CEO effective 28 November 2011.
Authorities release China COSCO ship impounded in Singapore
Following a financial dispute with a client, a China COSCO dry bulk vessel was returned after almost a week.
ASL Marine’s revenue rises 2.1% to S$83.1m in 1QFY12
Things seem to be picking up for the group as it has secured S$426m worth of new contracts in the past four months alone.
Mr Jiang Li Jun to relinquish position as President of COSCO Singapore
He will assume another senior position within the COSCO group of companies while remaining as Vice Chairman.
COSCO Singapore appoints Mr. Wu Zi Heng as Executive Director
He started working with COSCO back in the 1980s after studying marine navigation in Dalian Maritime University.
Troubled waters: Sembcorp Marine profit down 25% to $223m
It's a dive from the almost $300m profit for the third quarter of 2010.
SOS: COSCO profit down 42% to S$32.2m in the third quarter
The company cited lower profit contributions from dry bulk shipping and shipyard operations as the culprit.
NOL sinks deeper with US$91.1m loss in 3Q11
The shipping firm’s net losses widened from US$57m in 2Q on the back of a shortened peak season.
Sembcorp Marine ends October with fresh US$300m contract
The FSO contract in Indonesia lifts SMM’s YTD order win to S$3.25b.
Sembcorp Marine bags S$54m from tax refund
DMG estimates it will boost Sembcorp’s 3Q11 profit by 54% to a whopping S$230m.
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