Search results for: singapore

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  • 25 August 2015

    The world’s biggest bunkering port Singapore has recorded a major fall in prices of heavy fuel oil closing in on ten-year lows from 2015. The nosedive in marine fuel prices follows suit of dwindling oil prices that stand at below $40 per barrel. Namely, Singapore 380 cst bunker fuel stood at $209 per metric tonne […]

  • 18 July 2016
    Business & Finance

    Unique Group, an integrated subsea and offshore solution provider, has completed the acquisition of Oceanvision PTE and Oceanvision Equipment Services PTE. The acquisition was done through Unique’s subsidiary, Unique Maritime Group (SEA) PTE. Oceanvision will now be part of the Unique Group of companies and is the third acquisition that Unique has made in the […]

  • 28 July 2016
    Business & Finance

    Singapore’s offshore services company Swiber Holdings has made an application to wind up the company following demands from creditors.  The company said it made an application to Singapore’s High Court on Wednesday, July 27, 2016, with the hearing set for August 19, 2016. Additionally, the company had also filed an application to place the company in […]

  • 5 March 2012
    Business & Finance

    Ezra Holdings Limited a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announces two further contract awards worth a total of  approximately US$131.5 million. Ezra’s fabrication division, recently rebranded as TRIYARDS, has been awarded a US$76.5 million contract to fabricate and deliver a self-elevating mobile […]

  • 4 March 2013
    Business & Finance

    Temasek, from Singapore, has acquired the treasury shares currently held by Repsol, amounting to 5.04% of the company’s stock. The agreement comprises the purchase of 64.7 million Repsol shares from the company’s treasury stock, at 16.01 euros per share, representing a 1.036 billion euro payment to Repsol. Together with existing share holdings in Repsol, Temasek […]

  • 13 July 2020
    Infrastructure, Ports & Logistics

    Singapore maintained its position as the most important shipping hub in the Asia-Pacific region, ranking first for seven consecutive years, a new index shows.

  • 25 August 2015

    The world’s biggest bunkering port Singapore has recorded a major fall in prices of heavy fuel oil closing in on ten-year lows from 2015. The nosedive in marine fuel prices follows suit of dwindling oil prices that stand at below $40 per barrel. Namely, Singapore 380 cst bunker fuel stood at $209 per metric tonne […]

  • 1 July 2019
    Business & Finance

    MPA suspended the licence after an enforcement check on a bunker tanker operated by the company.

  • 1 April 2019
    Business & Finance

    Malaysia’s Yinson Holdings has decided to acquire Singapore’s liftboat operator Ezion Holdings. 

  • 20 March 2017
    Business & Finance

    Singapore’s Ezra Holdings has filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. The company, together wth its subsidiaries EMAS IT Solutions Pte Ltd and Ezra Marine Services Pte. Ltd, filed the petition on Saturday in order to facilitate the financial restructuring. Ezra explained that the filing is intended to optimize the […]

  • 15 January 2020

    The Port of Singapore’s container throughput in 2019 hit an all-time high of 37.2 million TEUs.

  • 24 February 2015

    The Singapore government has set forth measures aimed at strengthening the competitiveness of its maritime sector in its new state budget for 2015, released on Monday by the country’s Finance Ministry. The measures include extending and enhancing the Maritime Sector Incentive (MSI) thus offering a wider scope of tax benefits to ship operators, maritime lessors and […]

  • 19 May 2015
    Business & Finance

    The Singapore National Shippers’ Council (SNSC) expressed growing concern over the ongoing trend pursued by major carriers on formation of shipping alliances. Leading container carriers have continued to expand their capacity despite a challenging environment in the industry, according to the Council. “Today, all major carriers in the east-west trades are in one of four aliances, a development unprecedented in […]

  • 19 September 2019

    The authorities aim to achieve faster port clearances for vessels registered with Panama and Singapore.

  • 5 July 2017
    Business & Finance

    The Singapore Shipping Association (SSA) is forming a new marine fuels committee in an effort to prepare Singapore’s bunkering sector for the 0.5% global sulphur cap and the rise of LNG as a marine fuel. “Bunkering has always been a very important segment of our industry, and issues relating to bunker and marine fuels in general […]

  • 15 October 2019
    Business & Finance

    Bunker supplier Inter-Pacific Petroleum will no longer be allowed to operate in the Port of Singapore.

  • 4 July 2019

    The second stage of the development of the Tuas Terminal has kicked off in Singapore. 

  • 1 June 2020
    Infrastructure, Vessels

    China’s Keppel Nantong Shipyard has launched a liquefied natural gas bunkering vessel for Singapore’s FueLNG, a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum. The ship claimed to be Singapore’s first LNG bunkering vessel was moved from land to water on 28 May. According to FueLNG, the construction of the 7,500-cbm LNG […]

  • 8 November 2019
    Business & Finance

    MPA Singapore informed that all 18 crew members have been safely evacuated and the fire has been put out.

  • 15 April 2020
    Infrastructure, Vessels

    Swiss engineering group ABB is providing electric propulsion, storage and other technology for what is claimed to be the first tug in South Asia capable of switching between LNG and battery power. The tug, which will operate in Singapore harbor, has been ordered by Sembcorp Marine subsidiary Jurong Marine Services. The vessel is scheduled for […]

  • 1 April 2020
    Business & Finance

    Vitol Marine Fuels acquires 100 percent of Singapore-based bunkering specialist Sinanju Tankers Holdings.