Offshore & Marine
No prosecution for Seatrium over Brazilian corruption offences, High Court approves US$110 million penalty
This is the first deferred prosecution agreement approved by the Singapore court that involves a corporate entity
Nam Cheong sells two offshore support vessels for US$36.7 million
Net proceeds will fund the group’s shipbuilding activities, including fleet expansion
Nam Cheong bags RM102.5 million in vessel charter contracts
This brings the group’s long-term coverage to 69%, just shy of its 70% target
Trump to invoke emergency law for offshore oil producer Sable
California relies heavily on foreign crude, which made up about 61% of the oil used by its refineries last year
Seatrium H2 profit up 48.3%; full-year profit doubles on stronger margins, oil and gas revenue
The company proposed a final dividend of S$0.03 a share, double the previous year’s
Levy for basic-skilled Work Permit holders to increase
Manufacturing and services sectors’ tiered levy structure will be simplified
Shipbuilder Nam Cheong rises 9.3% on US$19.8 million vessel sale
The 11-year-old, 3,000 deadweight tonnage vessel was sold to an Indonesian customer
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
