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In The News

Sembmarine shares buoyed by US$1.3b sale of jack-up rigs

SEMBCORP Marine's share price rose on expectations that the US$1.3 billion sale of nine jack-up drilling rigs to Borr Drilling would bolster the yard group's balance sheet. The stock closed at S$1.815 on Monday, up eight cents or 4.6 per cent. Over 19.6 million shares changed hands compared to a three-month average trading volume of 3.6 million shares. Investors appeared to have taken their cue from the yard group's statements released over the...


Keppel unit bags FPSO conversion contract from SBM Offshore

Singapore KEPPEL Corporation's shipyard unit has secured a vessel conversion contract valued at an estimated S$100 million to S$150 million from repeat customer SBM Offshore NV. The contract is for the conversion of a very large crude carrier (VLCC) to a floating production, storage and offloading (FPSO) vessel. Upon completion of the work, the vessel will be deployed to the Exxonmobil-operated Liza field, about 193 kilometres offshore Guyana in...


Platts to launch price assessments for low-sulphur fuel oil in 2019

OIL pricing agency S&P Global Platts plans to launch new pricing assessments for low-sulphur fuel oil in January 2019. The assessments, to be done in Singapore, Fujairah, Rotterdam and Houston, will come ahead of regulations by the International Maritime Organisation (IMO) that cap sulphur limits in marine fuels at 0.5 per cent, from the current 3.5 per cent level. The agency will, however, retain its existing high-sulphur marine fuel assessments...


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Marintec China is regarded as the only gateway to the Asian maritime market and has grown to the largest than ever. Being the most recognized maritime trade show in Asia, Marintec China is definitely an international marketplace for buyers to source from international sellers showcasing their latest marine, ship design,... more
 

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