Tay Peck Gek
SENIOR CORRESPONDENT
Former fixture at the supreme court house where this reporter had the privilege to see how the razor-sharp minds exercise their wisdom in upholding justice. From following the smart minds to following the smart money now, this newshound hopes to report quality transportation, logistics and legal news.
SIA’s dividend capacity will be curtailed if it injects more than expected fund into Air India, says analyst
The Indian airline racks up a wider-than-expected annual loss of more than 220 billion rupees for FY2026
Singapore port sells more marine fuel in March despite war-induced tight supply
On a year-on-year basis, the marine fuel volume sold is up 6.6%
CGSI cuts SIA’s earnings projections for FY2027 by nearly 40% as fuel prices surge
Research house also trims its forecast for group’s FY2026 core net profit by 4%
Low Tuck Kwong sues Peter Kwee for A$9.6 million over alleged material defects
This pertains to a S$32.2 million agreement to buy out Kwee’s shares in three companies that own properties
OCBC cannot claim US$56 million from insurers for the capsized vessel it funded: Court of Appeal
Court says bank had not proved rig was lost by peril of the seas as it did not offer a cause of seawater entering vessel by chance
Maersk, Hapag-Lloyd, Japan’s Ocean Network slapping on fuel surcharge for road transport
Inland part of intermodal freight covers all transport over land using modes such as trucks, and is typically bundled with ocean freight
Maersk’s S$200 million, fully automated warehouse opens in Singapore
It will double the company’s footprint to more than 2 million sq ft and is equipped with the latest in automation tech
Singapore sea freight companies hit with 50% fuel surcharge; war insurance premium also jacking up costs
One firm had to reroute cargo of used car parts to Dubai via India, raising the shipping cost five times
No significant changes in vessel arrivals; Singapore has adequate marine fuel, says MPA
The authority’s responses are to queries on pre-emptive actions it is taking to address possible congestion, shortages
Elevated crude prices rein in Singapore shares performance; STI down 0.3%
Decliners beat gainers 313 to 266 across the broader market, with 1.4 billion securities worth S$1.8 billion transacted