Keppel’s 1H 2018 net profit up 38%
Keppel Corporation Limited (Keppel) reported a net profit of S$583 million for half year ended 30 June 2018, 38% higher than the S$423 million achieved a year ago. Stronger contributions from the Property and Infrastructure divisions more than ...
Sembcorp Marine reported gloomy results
Sembcorp Marine posted Group revenue of $2.81 billion for the six months to June 30, 2018. This compares with $1.39 billion in revenue generated in 1H 2017 (restated for accounting changes on adoption of SFRS (I)). The higher revenue in 1H 2018 w...
Keppel secures offshore contracts
Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries secured two contracts with a combined value of about S$70 million. In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by its long...
Wärtsilä BWMS done tests for global compliance
The technology group Wärtsilä announces that its Aquarius UV Ballast Water Management System (BWMS) has successfully completed all testing procedures required for United States Coastguard (USCG) type approval compliance. The documentation for f...
Cobham SATCOM enables Chinese fleet digitalisation
Enhanced crew welfare, ship security and operating efficiency are the objectives driving a 30-ship installation order secured for advanced Cobham SATCOM VSAT antenna through Chinese connectivity and network engineering partner Dalian Landsea Mari...
WES awards £1.4m to three projects
Wave Energy Scotland (WES) is awarding contracts with a total value of £1.4 million to three innovation projects designed to support further investigation of promising structural materials and manufacturing concepts to be used in the constructio...
EIB approves funding for offshore energy sector
The European Investment Bank approved a total of EUR 12.6 billion of new financing for 83 projects located across Europe, Asia, Latin America and Africa. This represents a record level of new support ever agreed at a monthly meeting of the EIB Bo...
VLCC price peaked in three years
The price of very large crude carrier (VLCC) has jumped to its highest level in nearly three years. VLCC prices Korean and Japanese shipyards currently offer have surpassed a $90m level for the first time since 2015, Charles R. Weber Com...
Korea hogs 1H LNGC orders
It turned out that about 30 LNG carriers were newly ordered in the first half only. According to TradeWinds and industrial data, global shipbuilding industry saw 16 new LNG carrier orders in the first quarter, followed by eight units in the se...
ZIM forms alliance with 2M
Israel's ZIM Integrated Shipping Services, which has not joined any shipping alliances for a long time, made a new strategic cooperation on the Asia – US East Coast trade with the members of the 2M Alliance, Maersk Line and Mediterranean Shippi...
2018 - 7
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