THE court-appointed judicial managers (JMs) of Swissco Holdings have secured an offer valued at US$28.5 million from a white knight investor for its offshore support vessel business.

THE small car certificate of entitlement (COE) premium bounced back up after most distributors reported robust bookings following the almost S$7,000 plunge two weeks ago.

[COPENHAGEN] A P Moller-Maersk has agreed a US$1.71 billion deal to sell its oil tanker division to its controlling shareholder, who in turn will enter an ownership consortium with Japan's...

[SINGAPORE] Freight rates for oil product tankers in Asia hit a multi-month high this week on reduced availability as vessels were diverted to ship fuel to the US and Mexico in the wake of Hurricane...

[WELLINGTON] New Zealand's National Party government on Wednesday set up a commission to oversee the response to a fuel shortage crisis that has roiled air travel in and out of the country'...

[NEW DELHI] Many flights were cancelled and trains were running late in Mumbai, India's financial hub, on Wednesday, as rains disrupted normal life for the second time in less than a month,...

[TIANJIN, China] Airbus on Wednesday opened its Chinese completion plant for A330 jets, with hopes that an increased presence in the world's fastest growing aviation market would help boost...

[NEW YORK] Gogoro Inc, an electric scooter-maker backed by Panasonic Corp, raised US$300 million from Singapore's Temasek Holdings Pte and other investors to pay for expansion and research and...

[UNITED NATIONS] Qatar's Emir Sheikh Tamim bin Hamad al-Thani on Tuesday renewed a call for "unconditional dialogue" to end a political crisis pitting Qatar against four Arab states...

STRAIT TALK

AS anybody who reads this column regularly will know, your correspondent was awaiting the onset of the London International Shipping Week (LISW) with some trepidation.