Business
Shipbuilder Nam Cheong rises 9.3% on US$19.8 million vessel sale
The 11-year-old, 3,000 deadweight tonnage vessel was sold to an Indonesian customer Shares of Nam Cheong rose S$0.10 or 9.3 per cent in…
Tag
vessel
Business
Cathay United Bank grants Marco Polo Marine unit long-tenor facility for NT$4.7 billion research vessel project
The group previously said it would finance the project through internal cashflows and not require any project-specific debt Marco Polo…
Business
Nam Cheong sells vessel for US$20.5 million to Vietnam firm
The sale is expected to contribute positively to the group’s earnings for the financial year ending 2025 Malaysian offshore support vessel…
News
Vessel in Seatrium-Maersk settlement hit by Trump’s stop-work order on wind farms
Seatrium said it is “closely monitoring” the Trump administration stop-work order issued to the end-customer of a U$475 million wind…
News
End-buyer of Seatrium-Maersk vessel caught in Trump’s stop-work order
Singapore company expects vessel to be delivered as agreed in recent settlement with Danish shipping giant Seatrium said it is “closely…
Business
Seatrium, Maersk resolve contract dispute with giant line to pay US$360 million upon vessel delivery
Offshore, marine and energy specialist Seatrium has reached an agreement with buyer Maersk Offshore Wind’s affiliate Phoenix II, for the…
News
US seizes vessel in international waters off Venezuela's coast, officials say
The US has seized a vessel in international waters off the coast of Venezuela, US officials have told BBC News partner CBS. It is the…
News
U.S. forces stop a second merchant vessel off the coast of Venezuela, American officials say
U.S. forces on Saturday stopped a vessel off the coast of Venezuela for the second time in less than two weeks as President Donald Trump…
Business
Yangzijiang Maritime inks fresh vessel deals ahead of mainboard debut
It also signed letters of intent for joint ventures to build new tankers, bulk carriers Yangzijiang Maritime Development signed contracts…
Business
Marco Polo Marine unit clinches NT$4.7 billion project for research vessel in largest contract win
The project marks the company’s strategic expansion into high-value, specialised vessel construction Integrated marine logistics company…
News
US strikes another vessel off Venezuela coast, killing six
The US has struck another vessel off the coast of Venezuela on Tuesday, killing six people, President Donald Trump has said. In a post on…
Business
Seatrium hit by US$475 million contract termination for nearly completed wind vessel
The contract was with a Maersk Offshore Wind affiliate, for deployment at US offshore wind farm Seatrium on Friday (Oct 10) announced that…
Business
Seatrium hit by US$475 million contract termination for nearly completed wind vessel; shares drop 6.6%
The company says that it will ‘explore viable solutions’, including talks with the end-customer, Empire Offshore Wind Seatrium on Friday…
News
Gunman Pulls Up Boat and Opens Fire at Dockyard Restaurant Killing 3 and Leaving 8 Injured Before Fleeing on Vessel
A tragic scene unfolded on Saturday night in North Carolina when shots were fired from a passing boat into a packed waterfront restaurant,…
News
US forces strike third alleged drug vessel killing three, Trump says
President Donald Trump has said US forces carried out a "lethal kinetic strike" on a vessel which he said was trafficking drugs, and the…
News
Trump says 11 killed in US strike on drug-carrying vessel from Venezuela
Bernd Debusmann JrBBC News, White House President Donald Trump says the US has carried out a strike against a drug-carrying vessel in the…
News
Trump says drug vessel out of Venezuela 'shot out'
The U.S. military carried out a strike that "shot out" a ship in international waters carrying drugs from Venezuela, President Trump said…
Business
Nam Cheong bags RM317.1 million in regional vessel charter deals
Sarawak-based offshore marine firm Nam Cheong has secured vessel charter contracts worth up to RM317.1 million (S$94.5 million) from…
News
Singapore-flagged ship collides with Japan-flagged vessel in Chinese waters
A SINGAPORE-FLAGGED ship collided with a Japan-flagged vessel in Chinese waters on Dec 30. Singapore bulk carrier Yangze 22 ran into…
Fashion
First Ship Lease Trust unit to sell one vessel
Its wholly owned subsidiary, FSL-1, will be selling the vessel Cumbrian Fisher to an unaffiliated third party FIRST Ship Lease (FSL) Trust…
Business
Reports claim Houthis make Red Sea vessel attacks a $2B business
Houthi rebels are extorting as much as $2 billion a year from shipping lines in exchange for not attacking their vessels in the Red Sea…