Singapore-listed offshore vessel owner Pacific Radiance has secured a $140m charter for an OSV currently under construction.
Having reported its first quarterly profit in three years in the second quarter, First Ship Lease Trust (FSL Trust) is now moving towards a position where it can again pay distributions to unitholders, and then start growing its business again.
First Ship Lease Trust (FSL Trust) returned to the black for the first time in three years in the second quarter.
Moves by the Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) to introduce a minimum trading price for SGX mainboard-listed companies could impact a number of shipping and offshore marine related stocks.
Dry bulk shipowner Golden Ocean is considering a voluntary delisting from the Singapore Exchange (SGX) due to the low trading volume and a plan to simplify operations and reduce cost.
PACC Offshore Services Holdings (POSH) is set to raise SGD388.3m ($310.5m) from an initial public offering (IPO) on the Singapore Exchange.
Offshore marine services company Swiber reported a $90.9m profit for 2013 with revenues surging past the $1bn mark for the first time.
Mermaid Marine Australia is to buy all the businesses of Jaya Holdings for SGD625m ($495.2m) following a strategic review of the Singapore company announced on 9 September last year.
Kim Heng Offshore & Marine enjoyed a good first day’s trading on the Singapore Exchange (SGX) its shares rising 18%.