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Singapore

News on Singapore.

Sembcorp Marine's revenue drops in first half of the year

Singapore-based engineering group Sembcorp Marine finished the first half of 2019 with a declining revenue, although its net deficit was reduced. The group remains plagued by a highly competitive market, which still holds little prospect for a lasting recovery.

Bunkerselskabs formand erklæret konkurs

Formanden i Brightoil Petroleum har forladt posten, efter at en domstol har erklæret ham konkurs. Den nu tidligere formand hæfter personligt for en mindre del af gælden i det kriseramte selskab i Singapore.

Britannia bags Singapore underwriter license

Authorities in Singapore have given the UK-based P&I club license to underwrite insurances in the island state. The license comes shortly after the company received a similar license in Hong Kong.

This week's top stories on ShippingWatch

The collapse of Hamburg carrier Hansa Heavy Lift, the bunker sector in Singapore, Maersk's credit rating downgrade as well as a temperature reading of the tanker and dry bulk markets were some of ShippingWatch's big stories this week.

Bunker company in Singapore being liquidated

Bad news keeps emerging from the strained bunker sector, in which bunker company Coastal Oil Singapore, a local player in the world's largest bunker port, is now in the process of being liquidated.

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