The drop of the oil price will affect both the results and bottom line at Singapore's major Keppel shipyard to such a large extent that the yard has had to inform investors and the financial markets prior to the publication of its interim report.
In a statement from Keppel Corporation, the company writes that the interim report will contain significant impairments, which relate to recent months' drop in the oil price as well as energy companies' unwillingness to invest.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Dan-Bunkering case begins: Bunker Holding CEO seeks acquittal of jet fuel sales to Syria
Dan-Bunkering, Bunker Holding and CEO of the latter, Keld R. Demant, are all pleading not guilty to the charges of illegal jet fuel sales to Syria and are seeking acquittal, announced today during the trial at a Danish District Court.
DSV CEO on ocean freight: "Currently a flat market"
Despite significant revenue growth in its air and sea division, DSV saw "a flat market" for ocean freight in the third quarter. But CEO Jens Bjørn Andersen doesn't expect a setback in the market. "The goods must be freighted," he says.
Container lines warn the EU against going too far in climate efforts
The World Shipping Council warns the EU against adopting rules concerning green fuels as long as the EU is incapable of ensuring that the fuels can be procured all over the world.
Carriers to pay fees for idling containers in US ports
Severely strained ports in Los Angeles and Long Beach on the US West Coast will charge extra fees for containers idling in ports, creating bottlenecks in terminals.
DSV reshuffles management following integration of major acquisition
DSV expands its executive management, with its current CFO switching to a newly established position as Group COO. The shake-up is announced at the same time as the third quarter results, which show profits of DKK 3.2 billion.
Senior Sales Director Naval - Terma 
Operations Controller .jpg)
Operational Sales Coordinator 
Fleet Performance Manager 
Coordinator / Marine Operator / Operations 
Commercial Operations - Stena Bulk 
Re-posting: Do you want to help set the agenda for the maritime competencies of the future? 
Operations Executive 
Chief Business Officer for Cruise