ships

Thai cargo ship hit near Strait of Hormuz, 20 crewmen rescued

Efforts are under way to recover the remaining three crew

All four units will be constructed in-house at the group's Miri Yard in Sarawak, Malaysia.

Nam Cheong secures US$64.5 million shipbuilding contract, its first in over a decade

The company will build four offshore support vessels for a UAE energy firm

The divestments represent an acceleration in Seatrium’s asset portfolio optimisation strategy, says the group.

Seatrium targets over S$50 million in savings through asset divestments

This follows a series of transactions involving shipyards, tugboats and equipment across Singapore and Indonesia

Shipping accounts for about 3% of global emissions, similar to all the aircraft in the sky.
THE BOTTOM LINE

The ships moving global trade are going electric

With each passing year, batteries get cheaper, lighter and more powerful

US forces board the vessel Veronica III, which tried to defy US President Donald Trump's blockade, according to the US Department of Defense.

US forces board second sanctioned oil tanker in Indian Ocean

THE US military boarded an oil tanker in the Indian Ocean after tracking the vessel for thousands of miles, saying it tried to circumvent President Donald Trump’s energy blockade in the Caribbean agai...

The Sarawak-based offshore support vessel provider says the divestment is part of its fleet reprofiling initiatives.

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

Malaysian Maritime Enforcement Agency staff member checking on a survivor rescued by a fishing boat during a search and rescue operation off the coast of Langkawi.

Hundreds missing after migrant vessel sinks off Malaysia-Thailand border

10 survivors and one body recovered, says Malaysian maritime authority

Yangzijiang (above) builds its ships entirely in China, while ASL’s shipbuilding facilities are spread across Singapore, Indonesia and China.
HOT STOCK

ASL Marine jumps 2.3% after share placement; Yangzijiang Shipbuilding falls 4.3% over port fees spat

The shipbuilders are subject to contrasting investor views on their fortunes