HOCK LOCK SIEW

Time is running short for Triyards

EMAS Offshore (EOL) and Triyards are both subsidiaries of erstwhile stock market darling Ezra Holdings. Although of the same pedigree, one will be hoping not to share the same fate as the other.

Krisenergy narrows Q2 loss on improved oil prices

UPSTREAM oil and gas (O&G) outfit Krisenergy narrowed its second quarter loss after tax on turning in a gross profit and posting higher revenue on improved realised oil prices.

Ezion back in black on fair value gain

LIFTBOAT-focused Ezion Holdings returned to profitability in the second quarter mainly on fair value adjustments arising from its refinancing exercise, which more than offset a gross loss from its operations.

Ezion turns profitable on fair value gain from debt revamp

LIFTBOAT-FOCUSED Ezion Holdings returned to profitability in second quarter mainly on fair value adjustments arising from its refinancing exercise, which more than offset a gross loss from its operations.

Triyards gets US$3.8m from pledged loan, faces wind-up petition

TRIYARDS, the listed yard operating arm of insolvent offshore and marine group Ezra Holdings, has received the balance US$3.8 million of a promised US$5 million lifeline from Ferrell Vanguard Fund SPC.

Sembcorp Industries Q2 profit bolstered by utilities earnings

SEMBCORP Industries saw its net profit for the quarter to June 30 surge 46.8 per cent to S$81.92 million on a doubling of earnings for its utilities division the first months after embarking on a new growth strategy.

Big Oil can stay relevant in low-carbon future: BP

WITH tweaks to their existing business mix, Big Oil can stay relevant, even as the world moves on to embrace the low-carbon future envisaged in the 2015 Paris climate agreement, BP's chief economist has said. ...

Trade payables pile up at Triyards' Vietnam unit

TROUBLED Triyards Holdings' subsidiary in Vietnam is facing difficulty paying its suppliers even after delivering its shipbuilding projects - a signal of the mounting liquidity crunch that has beset the yard-operating arm of financially distressed Ezra Holdings. ...

POSH JV lands first Taiwan wind contract

PACC Offshore Services Holdings' (POSH) newly-formed joint venture (JV) has landed its first contract with Taiwan's budding offshore wind market...

SembMarine posts S$55.62m Q2 net loss

SEMBCORP Marine posted a net loss of S$55.62 million for the second quarter on the realised loss from the sale of a semi-submersible rig and lower overall business volume. This is a reversal from a net profit of S$5.12 million for the corresponding quarter a year ago.

Noteholders split over Pacific Radiance's 'sweetened terms'

NOTEHOLDERS were divided in their reactions to Pacific Radiance's sweetened terms for the proposed restructuring of S$100 million notes maturing this August. ...

Keppel Corp Q2 net profit up 44% from property, infrastructure boost

MULTI-BUSINESS listed conglomerate, Keppel Corporation posted a 44 per cent increase in second quarter net profit to S$246.16 million, bolstered by stronger property and infrastructure earnings that offset losses from the other divisions.
NEWS ANALYSIS

Taiwan's offshore wind market a breath of fresh air for O&M sector

ROBERT Kuok-backed PACC Offshore Services Holdings (POSH) has joined a line of Singapore-based offshore and marine (O&M) players seeking to get in on billions of dollars in contracts from Taiwan's promising offshore wind market...
HOCK LOCK SIEW

Yard merger, Brazil probe may take centre stage this O&M results season

SOME analysts covering the offshore and marine sector are finding the upcoming results reporting season for the two major players in the offshore sector unusual. SembMarine's second quarter results briefing is scheduled for this Friday, just after Keppel Corporation's on Thursday. This is...

Maritime use of large-scale 3D printing seen in 3-5 years

ADVANCEMENT in 3D printing is making the application of the technology possible for some ship components in Singapore, but industry-wide applications will take some time, observers say.

3 out of 4 maritime bonds lost value in H1 2018

THREE out of four maritime bonds on the radar of a maritime research consultancy fell over the first half of 2018, hit by the double whammy of trade war fears and a hard landing for container shipping lines.

Top 5 performers on FTSE-ST Small-Cap Index average 36% YTD return

THE five best-performing stocks on the FTSE ST Small-Cap Index averaged a year-to-date return of 35.5 per cent as at July 11. This takes their average 12-month total return to 28.6 per cent, going by a market update report from the Singapore Exchange.

Yorkshine, subsidiaries receive letter of demand for debt repayment

YORKSHINE Holdings and five of its subsidiaries have received a letter of demand for the repayment of over US$33.24 million loans.

SATS, Wilmar in joint venture to form food manufacturing and processing company

SATS and Wilmar International unveiled after Friday trading hours, a 120 million yuan (about S$24.53 million) joint venture (JV) company.

Oxley executives in buying spree: CEO takes 11m shares at S$3.9m

OXLEY Holdings executive chairman and chief executive Ching Chiat Kwong bought more than 11 million company shares on the open market from Tuesday to Thursday for S$3.9 million, joining the company's deputy chief executive in a bout of buying activity this week...

Rachel Eng leaves WongPartnership for PwC role

RACHEL ENG is leaving as a partner of WongPartnership to take up a new role with a Singapore law firm that is part of PwC global legal network.

Robert Kuok-linked groups tie up to target Taiwan's wind sector

TWO listed groups linked to Malaysia's richest tycoon Robert Kuok are joining forces to penetrate Taiwan's budding offshore wind sector...

Four freehold shophouses on Macpherson Road put on sale

COMMERCIAL real estate services and investment firm CBRE has launched for sale four freehold shophouses on Macpherson Road, via an expression of interest exercise.

Alliance's institutional shareholder will vote for proposed merger

AN institutional shareholder of Catalist-listed Alliance Mineral Assets has indicated its intent to vote for the proposed merger with Australia-listed Tawana Resources, in absence of a superior proposal.

Accordia Golf Trust shuts three golf courses in Japan

ACCORDIA Golf Trust’s three golf courses in Japan have been shut amid flash flooding and landslides in western Japan.