A number of former senior executives of Keppel Corp are reported have been arrested and bailed in Singapore over a corruption scandal involving Keppel Offshore & Marine in Brazil.

The $422m in fines for corruption in Brazil by Keppel Corp's offshore and marine division dragged it to a SGD495m ($378.9m) net loss in Q4.

As more ports look to green operations, solutions such as the recently launched Wärtsilä HYTug concept are gaining acceptance and popularity.

Keppel Offshore & Marine (Keppel O&M) is to pay $422m in fines to settle bribery and corruption cases in Brazil.

Dubai-based DP World has completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil from Odebrecht Transport (OTP), the group announced.

Sembcorp Marine has announced that its wholly-owned Brazilian subsidiary Estaleiro Jurong Aracruz Ltda (EJA) has secured hull carry over works worth about $145m for a FPSO project.

China Merchants Port Holdings has inked a deal to purchase a controlling stake in Brazil’s TCP, marking the Chinese group’s business expansion to the Latin America region.

Cosco Shipping Specialised Carriers has ordered two multipurpose paper pulp vessels at its affiliate yard Dalian Cosco Ship Engineering to fulfil a contract of affreightment (COA) inked earlier with Brazil’s Suzano Papel e Celulose.

OSM is reinforcing its presence in the Brazilian offshore market with the posting of more than 90 specialised offshore positions onboard the FPSO Peregrino.

One of the highlights Marintec South America day two was the M&O Partners seminar which shared valuable information about what the major shipowners expect for the future in Brazil.