OUTLOOK ON O&M

Oil price at US$80 may be the grease for an O&M recovery

THE rise in Brent Oil to above US$80 a barrel since late September has fanned expectations that the beleaguered offshore and marine (O&M) sector is seeing light at the end of the tunnel.
HOCK LOCK SIEW

SGX, investors should get ready now for next upturn in shipping cycle

SOME market watchers were surprised when South Korea's dry bulk play Polaris Shipping indicated in September it is looking to pursue a public listing on the Singapore Exchange (SGX). One trade journal deemed Singapore as "an unconventional choice", considering Polaris Shipping may...

Balmy Q4 for sea freight as importers try to beat new tariff deadline

THE final quarter of the year is expected to yield bumper freight volumes and rates for box lines as importers and shippers race to beat additional tariffs in the new year arising from the US-China trade war.

Pacific International Lines, IBM tie up for blockchain initiative

SINGAPORE'S largest private-owned shipping line, Pacific International Lines (PIL), has roped in IBM for another blockchain initiative that aims to digitalise and reinforce contract sanctity in the international shipping industry...

PIL, IBM in blockchain trial to create electronic bill of lading

SINGAPORE’S largest privately-owned shipping line, Pacific International Lines (PIL), has teamed up with IBM in another initiative to digitalise supply chain management.

Swiber pursues equity deal with NY-listed Seaspan

BELEAGUERED Swiber Holdings is pressing on with its bid to resurrect as a power generation business through pursuing a US$200 million equity deal with New York-listed box ship player, Seaspan Corp.

Quest to cut sulphur in bunker fuels estimated to cost CMA group US$1.5b

COMPLYING with the rule limiting the sulphur content of bunker fuels to 0.5 per cent from 2020 could well cost the French CMA CGM shipping group US$1.5 billion.

Singapore to embrace greener alternatives to LNG in marine-fuel mix

SINGAPORE is looking to embrace alternative sources of marine fuels as it sets out to play its part in falling in with new emission standards for international shipping.

Swiber seeks revival from US$200m equity deal with Seaspan

BELEAGUERED Swiber Holdings on Wednesday disclosed a US$200 million equity deal that is in the making with New York-listed box ship player, Seaspan Corp, just days after it announced the expiry of a term sheet for a share swop arrangement with Australian power generation firm, Interlink Power...

Box ship giant CMA CGM may incur about US$1.5b to comply with green shipping rule

MARSEILLES-HEADQUARTERED box ship giant CMA CGM may potentially incur US$1.5 billion to comply with a green shipping regulation that will cap sulphur content in marine fuels.

MPA gives S$5m boost to research and development on greener marine fuels

THE Maritime and Port Authority of Singapore (MPA) has set aside S$5 million to co-fund the research and development (R&D) on cleaner marine fuel alternatives ahead of new emission standards being rolled out by the International Maritime Organization (IMO). 

MPA has spent S$26m to date to promote LNG as marine fuel

AHEAD of the implementation of a green shipping regulation, the Maritime and Port Authority of Singapore (MPA) has dished out S$26 million to kick-start the use of liquefied natural gas (LNG) as a cleaner burning marine fuel.

MPA dishes out S$26m to promote LNG use as marine fuel

AHEAD of the implementation of a green shipping regulation, the Maritime and Port Authority of Singapore (MPA) has spent S$26 million to kick-start the use of liquefied natural gas (LNG) as a cleaner burning marine fuel.
TOPLINE

Green marine fuel standard making some players uneasy

MARINE fuel players are largely not against going green but their chief concern is how to manage what is shaping up to be a costly transition for the shipping and refining sectors, two pillars of the world economy, going by the vantage point of an industry association representative.

Vopak to invest 40m euros to meet new marine fuel rules in 2020

DUTCH oil and chemical storage company Vopak said it is investing 40 million euros (S$64.3 million) globally to cater for the flexibility and capacity to meet the refuelling needs of marine vessels when the International Maritime Organization's (IMO) global sulphur cap comes into force...

Vopak to spend 40m euros to be prepared for IMO sulphur cap

DUTCH oil and chemical storage company Vopak said it is investing 40 million euros (S$64 million) globally to cater for the flexibility and capacity to meet the refueling needs of marine vessels when the International Maritime Organization’s (IMO’s) global sulphur cap comes into force.

Singapore lab to work on big changes for commodity marts

ENERGY and commodities price agency S&P Global Platts is setting up an innovation lab in Singapore to catalyse the digitalisation of commodity markets.

S&P Global Platts investing in Singapore innovation lab to drive digitalisation of commodity markets

ENERGY and commodities price agency S&P Global Platts is setting up an innovation lab in Singapore to catalyse the digitalisation of commodity markets.

Hong Leong Finance seeks to wind up yard group Triyards

HONG Leong Finance has served a winding-up petition on the yard operating arm of Ezra Holdings, Triyards.

Hong Leong Finance files winding-up petition against Triyards

HONG Leong Finance has served a winding-up petition on the yard operating arm of Ezra Holdings, Triyards.

SembMarine to build a dozen LNG-hybrid tugs to replace existing diesel-powered ones

YARD group Sembcorp Marine is investing in a fleet of liquefied natural gas (LNG)-hybrid powered tugs, which would allow its operations to comply with emission targets being rolled out by the International Maritime Organization, the industry's overarching regulatory body. ...

SembMarine to invest in LNG tugs, teams up to advance LNG value chain

YARD group Sembcorp Marine is investing in a fleet of liquefied natural gas (LNG)-hybrid powered tugs, which would allow its operations to comply with emission targets being rolled out by International Maritime Organization (IMO), the industry’s overarching regulatory body.

DBS appoints receiver for Triyards unit Strategic Marine to protect its claims

DBS Bank has appointed a receiver for a key subsidiary of Singapore-listed Triyards Holdings after filing claims against the embattled yard operating arm of Ezra Holdings.

DBS appoints receiver for Triyards unit

<strong>BT EXCLUSIVE</strong>
NEWS ANALYSIS

Talk of a POSH-MEO merger as M&A activity picks up in OSV sector

FOUR years into a prolonged industry downturn, merger and acquisition (M&A) activity appears to be picking up in the offshore support vessel (OSV) market, lifting expectations that a sector-wide consolidation could gain momentum in the months to come.