Singapore
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Asia
Winning Shipping buys ex-Hanjin-chartered capesize
China’s Winning Shipping has bought a capesize from Kumiai Senpaku that was formerly on charter to Hanjin Shipping, which entered…
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Asia
Hanssy vessel arrested in Italy
The Singapore-flagged general cargo ship operated by Hanssy Shipping has been arrested a few days ago in the Italian port…
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Asia
Sinanju Tankers orders bunker tanker pair at Shenzhou Shipbuilding
Singapore bunker tanker operator Sinanju Tankers has signed shipbuilding contracts with Zhejiang Shenzhou Shipbuilding for the contruction of two 6,000dwt…
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Asia
Marco Polo Marine ominously appoints KPMG to conduct business review
Marco Polo Marine could be the next offshore marine firm to send shockwaves through the Singapore market, announcing today that…
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Asia
Pacific Radiance settles dispute with Chinese shipyards
Pacific Radiance has reached a settlement with Shanghai Waigaoqiao Shipbuilding & Offshore and China Shipbuilding Trading (Shanghai) over the disputed…
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Asia
Swiber pledges its 25% Vallianz stake to DBS
Swiber Holdings has pledged its Vallianz shares to its lead creditor DBS. Swiber, an oilfield services provider, sought judicial management…
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Asia
Rickmers Maritime secures refinancing deal
Rickmers Maritime has announced that Rickmers Trust Management, its trustee-manager, has been offered a restructured secured amortising term loan facility…
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Asia
Vallianz launches $106m rights issue
Vallianz Holdings has lifted its two-day trading halt to announce the launch of a proposed rights-cum-warrants issue that could raise…
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Asia
KS Energy wins geothermal drilling contract
KS Drilling’s subsidiary PT Atlantic Oilfield Services has won a $7m offshore drilling contract from an unnamed client for work…
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Asia
Case made to protect Swiber
The prospects for saving Swiber Holdings hinges on the support from stakeholders and its ability to complete some US$1.67bn worth…
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Europe
NOL’s final day on the Singapore Exchange
France’s CMA CGM has completed the $2.4bn takeover of Singaporean flagship Neptune Orient Lines (NOL). The last dissenting shareholders have…
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Asia
Swiber claims climb to $227m as CEO Darren Yeo resigns
Singapore offshore operator Swiber, which sought judicial management late July having earlier announced its liquidation, has revealed that claims against…
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Asia
Otto Marine secures chartering contract and shipbuilding contracts
Singapore’s Otto Marine has announced that its wholly-owned subsidiary Go Offshore International has secured a chartering contract worth up to…
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Asia
Judicial management in Singapore: Florence Nightingale to a vulnerable company?
Lauren Tang from law firm Stephenson Harwood (Singapore) Alliance on what lies ahead for bust Swiber Holdings. The 60% slump…
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Asia
Swiber and Vallianz squabble over outstanding payments
Swiber Holdings’ (SHL) interim judicial managers have notified Vallianz that it owes some $63.5m in outstanding payments to the bankrupt…
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Asia
Former ST Marine official sentenced to six months jail
Han Yew Kwang, former chief operating officer and deputy president of Singapore shipbuilder ST Marine, has been sentenced to six…
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Asia
Wary investors warned about ‘the next Swiber’
The crash of Singapore-listed oilfield services provider Swiber Holdings last month is likely to be followed by more high profile…
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Asia
Swiber claims approach $200m
Singapore offshore operator Swiber, which sought judicial management last month having earlier announced its liquidation, has said that further claims…
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Asia
Taxman gives SK Shipping an extra $3.7m bill
South Korea’s National Tax Service has hit SK Shipping and its Singapore-based subsidiary for an extra tax bill worth KRW42bn…
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Asia
Survey highlights huge debts carried by Singapore-listed offshore firms
A survey carried by Singapore’s Business Times shows the precarious financial state of many of Singapore’s offshore listed firms. In…
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