Singapore: Shipping Trust Rickmers Maritime reported a lower net profit for the first quarter of 2012 but continued to pare down its debts.

Singapore: Classification society ABS is restructuring its Middle East and South Asia operations. The Middle East region which currently reports to ABS Europe in London, will instead report to ABS Asia – Pacific in Singapore.

Singapore: Another bunker fuel savings solution has found its way into Singapore, perhaps giving shipowners some hope as they see fuel prices soar through the roof.

Singapore: Neptune Orient Lines (NOL) has proposed to offer Singapore-dollar denominated senior notes under the company's $1.5bn Euro Medium Term Note Programme.

Singapore: Seven pirates armed with guns and knives assaulted a 6,200 dwt tanker Great Fish while it was enroute from Singapore to Vietnam on Sunday.

Singapore: Singapore's container throughput during the first three months of this year matched those of China's Shanghai port at 7.54m teu.

Singapore: The Maritime and Port Authority of Singapore (MPA) will extend port dues concession for containerships for another two years.

Singapore: Switzerland-headquartered Mediterranean Shipping Company (MSC) is eyeing a listing in Singapore for its global ports business, reports said.

Singapore: Neptune Orient Lines (NOL) has postponed plans for a perpetual bond issue due to market conditions.  

Singapore: Cargotec Corp is looking at listing one of its three arms on the Singapore Exchange. The company is studying the listing Cargotec Marine, which offers integrated cargo flow solutions for maritime transportation and offshore industries...