Le Quest sells 70 units on first day of Phase Two sales

LE Quest, a Qingjian Realty (South Pacific) Group mixed development project in Bukit Batok, sold 70 units on the first day of its Phase Two sales.

Aspen in US$11m convertible loan deal with Haitong

MALAYSIA-BASED property group, Aspen (Group) Holdings is seeking to raise US$11 million from a convertible loan for its investments in two associate companies and other development projects.

Keppel unit selling 5 rigs to Borr Drilling for US$745m

KEPPEL Offshore & Marine (Keppel O&M) has sealed a deal to sell five jack-up rigs to Borr Drilling for around US$745 million.

Boustead's chairman puts trust in Falcon Energy MD

BOUSTEAD chairman and chief executive Wong Fong Fui - who emerged as a significant shareholder in Falcon Energy Group (FEG) on Wednesday - pointed to trust in FEG's managing director P T Tan as a major factor behind his S$2 million investment. ...

Keppel Singmarine bags pair of newbuild dredgers from Van Oord

KEPPEL Singmarine has won newbuild contracts for the construction of two high-value dredgers.

KrisEnergy posts Q1 loss of US$18.19 million

KRISENERGY slipped into the red in the first quarter despite higher sales of cargoes lifted from its oilfields.

Marco Polo back in the black in Q2 on derecognised debts

MARCO Polo Marine was back in the black in the second quarter, mainly bolstered by derecognised debts after wrapping a months-long restructuring exercise.

Keeping things shipshape

SINGAPORE'S raison d'etrewas its port, as Minister Mentor Lee Kuan Yew said in the inaugural Singapore Maritime Lecture in 2007. From its earliest days in 1820 as a hub for entrepot trade, when it started as an exchange for products ranging from opium to British manufactured wares, the...

O&G equities up as oil jumps on Trump's ditching of Iran nuclear deal

MOST oil and gas (O&G)-related stocks advanced on Wednesday as oil prices shot up to the highest seen in more than three years after President Donald Trump announced the US would be pulling out of the nuclear deal with Iran and re-imposing sanctions on the country.

SembMarine set to deliver Singapore's first newbuild FSO next month

THE first newbuild floating storage vessel (FSO) to be delivered from Singapore is due to set sail next month from Sembcorp Marine's Tuas Boulevard Yard for its designated gas field. ...

HC Surgical dips into IPO proceeds to buy endoscopy practice

MEDICAL services group HC Surgical Specialists said after Monday's trading close that it has reallocated about S$800,000 of its initial public offering net proceeds mainly to acquire a 51 per cent equity stake in Jason Lim Endoscopy and Surgery Pte Ltd (JLES)...

Delfi Q1 net profit jumps 33.1 per cent

CHOCOLATE confectionary company Delfi posted a 33.1 per cent increase in first quarter net profit to US$7.6 million on a 15.1 per cent surge in revenue.

Perceived level of bribery and corruption low in Singapore: EY

THE perceived level of bribery and corruption in Singapore is low, but companies here still have some way to go to convince its executives that such misconduct would be penalised, results of a survey by EY showed.

China Fibretech signs up for 100m yuan infrastructure investment

SINGAPORE-LISTED troubled dye maker China Fibretech has entered into an agreement to invest 100 million yuan (S$21 million) in a China-based company incorporated for the purpose of investing in and building a rural road project in Xingwen county.

Delfi posts 33% rise in Q1 net profit to US$7.6m

CHOCOLATE confectionary company Delfi posted a 33.1 per cent increase in first-quarter net profit to US$7.6 million on a 15.1 per cent surge in revenue.

Keppel Corp's subsidiaries to divest Shenyang project for 503m yuan

SINGAPORE-LISTED conglomerate Keppel Corp said after Monday trading close two of its subsidiaries have entered into agreements to divest their interests in Keppel Bay Property Development (Shenyang) Co Ltd (KBPDS) to Shenyang Vanke Property Development Co Ltd for 503 million yuan (S$105 million).

HC Surgical taps IPO proceeds for equity stake in endoscopy practice

MEDICAL services group HC Surgical Specialists said after Monday's trading close that it has reallocated about S$800,000 of its initial public offering net proceeds mainly to acquire a 51 per cent equity stake in Jason Lim Endoscopy and Surgery Pte Ltd (JLES). ...

LTC slips into the red with Q3 net loss

MAINBOARD-LISTED LTC Corp posted a third-quarter net loss of S$150,000, a reversal from a net profit of S$1.89 million for the year-ago period.

Perceived level of bribery and corruption low in Singapore: EY

THE perceived level of bribery and corruption in Singapore is low, but companies here still have some way to go to convince their executives that such misconduct would be penalised, results of an EY survey showed.
SINGAPORE MARITIME WEEK

Govt subsidies not needed for int'l shipping, says Maersk Line CEO

GOVERNMENTS no longer need to subsidise or fund international shipping, which operates in "a competitive and effective market", Maersk Line CEO Søren Skou said on Thursday...
SINGAPORE MARITIME WEEK

MPA steps up measures to align marine fuel industry with new rules

SINGAPORE has stepped up efforts to align its marine fuel industry with an upcoming regulation aimed at cutting ship emissions.

MPA extends MFM mandate to distillates bunker fuel

SINGAPORE has taken one more step to align its marine fuel industry with an upcoming regulation aimed at cutting ship emissions.
SINGAPORE MARITIME WEEK

Singapore pledges to help with IMO's capacity building

SINGAPORE will pledge an enhanced technical cooperation and training package valued at US$5 million for the International Maritime Organization (IMO) and its member states.

FueLNG names Jurong Port as preferred LNG bunkering site

FUELNG, a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum, has selected Jurong Port as the preferred site for supplying liquefied natural gas (LNG) as marine fuel.

Singapore Maritime Week 2018: Singapore pledges US$5m for International Maritime Organization

SINGAPORE will pledge an enhanced technical cooperation and training package valued at US$5 million (about S$6.5 million) for the International Maritime Organization (IMO) and its member states.