THREE years after plunging from highs of over-US$100-a-barrel, oil prices are expected to languish around US$50 for at least a year more.

HOCK LOCK SIEW

THE troubled offshore and marine (O&M) sector has seen another company, Malaysian shipbuilder Nam Cheong, proposing a restructuring plan.

HOCK LOCK SIEW

DON'T be mistaken - silence at a noteholder briefing does not mean consent, says a Business Times reader on news coverage of Nam Cheong's first noteholders' dialogue in July...

SINGAPORE'S three banks - DBS Bank, OCBC Bank and United Overseas Bank, are probably feeling more heat from their offshore and marine (O&M) lending exposure...

THE minority shareholders of mainboard-listed Cosco Shipping International (S) Co has overwhelmingly given it the green light to proceed with the 1.46 billion yuan (S$300.3 million) divestment of its...

MAINBOARD-LISTED ASL Marine Holdings' fourth-quarter net loss ballooned to S$62.4 million, from S$6.37 million a year ago, as it was hit by higher impairments, lower revenue and poorer margins...

NEWS of a US$658 million partial stake sale held in the world's first-ever converted floating liquefied natural gas vessel (FLNG) failed to maintain investor interest on Thursday in large-cap...

OFFSHORE and marine (O&M) group Ezion Holdings stopped short of acknowledging it has kicked off debt restructuring when it called for a trading suspension on Monday.

MAINBOARD-LISTED Ezion Holdings is expected to table a restructuring plan soon for over US$1 billion in debts so as to ring-fence any new equity as the group ride out what may be the tail-end of a...

EZION Holdings' call for a trading halt before market opened on Thursday fuelled speculation over the company's next moves to quell market jitters before the release of its second- quarter...