Offshore & Marine
Nam Cheong sells vessel for US$20.5 million to Vietnam firm
The sale is expected to contribute positively to the group’s earnings for the financial year ending 2025
End-buyer of Seatrium-Maersk vessel caught in Trump’s stop-work order
Singapore company expects vessel to be delivered as agreed in recent settlement with Danish shipping giant
Seatrium back on track with estimated S$2 billion TenneT order: analysts
The latest contract lifts the total value of its new wins in FY2025 past S$4 billion
Offshore specialist Yinson Production eyes IPO, among other exit options for investors
The Singapore-based company is expanding into carbon capture and storage, while eyeing opportunities in Namibia
Seatrium bags new BP contract; lifts order book to more than S$2 billion
The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP
Jub Pacific rides offshore oil and gas upturn by going global early
The liftboat operator is now moving to expand its fleet while making strides in Asia’s emerging offshore wind farm sector
Marco Polo Marine expects ‘significantly higher’ FY2025 net profit
This is mainly due to impairment loss reversals on certain vessels and the disposal of its stake in Marco Polo Offshore
Yangzijiang Shipbuilding bags orders worth US$2.2 billion in year to date
This compares to US$11.6 billion in the same period in 2024
Yangzijiang Shipbuilding falls 2.9% after BlackRock sells 37.8 million shares
The asset manager is no longer a substantial shareholder of the shipbuilder
Seatrium rejects ‘wrongful termination’ of US$475 million contract, receives notice of arbitration
The deal is for the construction of a wind turbine installation vessel at a US offshore wind farm
