SEMBCORP Marine's Jurong Shipyard unit has secured a US$130 million floating production storage and offloading (FPSO) vessel pre-conversion contract for Petrobras' Dutch unit.

COSCO Corporation is continuing to feel the effects of the tumult in the dry bulk shipping market with one order cancellation and yet more reschedulings after it agreed to postpone the delivery of four vessels last week.

OSLO Bors is expecting more companies to seek public listing this year and is in talks with a few Singapore-listed companies about having a dual listing on the Norwegian stock exchange.

LIPPO Group has positioned itself in a pretty sweet spot by buying out ex-partner Ananda Krishnan's stake in Overseas Union Enterprise (OUE), and upping its hold on the property company to 88.52 per cent.