Singapore
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Asia
When the masks came off: An exposé into financial misdoings in Singapore
Julie O’Connor is on a mission to right investment wrongs in Singapore and Australia – and she’s willing to go…
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Asia
Otto Marine enters arbitration with Vettal Mega Services
Otto Marine has announced that its subsidiaries, Swordfish 5 and GO Offshore, have each commenced arbitration proceedings under the London…
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Asia
DBS Bank boss warns of offshore ‘contagion’ following Swiber’s demise
The bank with the biggest exposure to the decline and fall of Swiber Holdings has warned of more pain spreading…
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Asia
SGX and the Baltic: a passing of the baton
Living in China for much of this century I always recall how much the locals liked Singaporean delegations coming to…
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Asia
Swiber files petitions to stop pay-out of $105m in bank guarantees
Swiber Holdings has filed court petitions for injunctions against the payment of over $105m in bank guarantees, which have been…
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Asia
Cosco Shipyard to build three boxships
Cosco (Guangdong) Shipyard has won contracts to built three small containerships for an unnamed European shipping company. The contract price…
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Asia
Wilmar snaps up supramax for $7m
German owner Schepers H Bereederungs has sold a six-year-old supramax bulker for $7m. Singapore’s Wilmar International is behind the acquisition…
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Asia
‘Rather expensive’: DBS Bank’s take on SGX’s offer for the Baltic
Is the Singapore Exchange paying over the odds to buy out the 272-year-old Baltic Exchange? The $103.5m offer made last…
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Asia
Swiber’s future to be decided by early October
Swiber Holdings will know its fate by early October. The Singapore offshore company, which backtracked from liquidation to seek judicial…
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Asia
Rickmers Maritime considers containership lay-ups
The depressed market has led Singapore-based Rickmers Maritime to consider laying up some of the 11 containerships it has operating in…
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Asia
Epic Gas: More hopeful for 2017 prospects
While admitting rates are foul at the moment, Charles Maltby, chairman and ceo of Epic Gas, is adamant the company…
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Asia
VLCC and ultra-large containership collide in the Singapore Strait
A VLCC owned by Iran’s National Iranian Tanker Company and an MSC ultra-large containership collided in the Singapore Strait late…
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Asia
Stolt-Nielsen chooses Keppel for a pair of new LNG tankers
Oslo-listed Stolt-Nielsen has decided to award the construction of two (with options for further two) LNG tankers with 7,500 cu…
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Asia
Otto Marine starts arbitration against Robert Knudzen Shipholdings
Otto Marine has commenced arbitration in Singapore against Robert Knutzen Shipholding and Mr Robert Knutzen for charter contract disputes. Otto’s…
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Asia
SGX reportedly readies $100m Baltic Exchange offer
A formal offer to take over the Baltic Exchange is expected to be made shortly by the Singapore Exchange, Reuters…
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Asia
DBS Bank handed Swiber $146m just weeks before it filed for liquidation
Singapore’s largest bank, DBS, is facing a storm of criticism after it emerged it gave Swiber Holdings two loans worth…
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Asia
Nervous investors ditch Singapore offshore stocks
Investors in Singapore remain spooked about local oil and gas prospects in the wake of the demise of Swiber Holdings…
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Asia
Firefighter injured in blaze at Sembcorp Marine yard
A fire broke out in the engine room of a heavy lift vessel yesterday afternoon at Sembcorp Marine’s Tuas Boulevard Yard,…
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Asia
SBI Offshore terminates joint venture with Gräss
SBI Offshore has cancelled its plans to form a joint venture (JV) in solar power with Gräss Group. In August…
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Asia
Swiber unable to make coupon payment
Swiber Holdings said today, via its provisional liquidator, it cannot pay the upcoming coupon payment for the S$150m 6.5% certificates…
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