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Keppel Throws Lifeline to Struggling Oil Explorer KrisEnergy
SINGAPORE, Nov 3 (Reuters) – Rig builder Keppel Corp said on Thursday it would subscribe to a bond offer by KrisEnergy Ltd, potentially increasing its majority holding and throwing a lifeline to the...
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Oil Spice: With $3 Billion Port, Malacca Eyes Slice of Shipping Giant...
By Roslan Khasawneh KUALA LUMPUR, Nov 23 (Reuters) – Once at the heart of the global spice trade, Malacca is pumping nearly $3 billion into an ambitious plan to put itself in demand in a different hot...
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Singapore Readies Up to $1.1 Billion for Oil & Gas-Linked Firms
SINGAPORE, Nov 25 (Reuters) – Singapore plans to offer financial assistance to its liquidity-hit marine and offshore engineering companies that could help them raise as much as S$1.6 billion ($1.1...
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Bunker Spill After Containerships Collide in East Johor Straits Near Singapore
SINGAPORE, Jan 4 (Reuters) – Nearly 300 tonnes of oil spilled into the narrow strait separating Singapore and Malaysia after a collision between two container vessels, the Singapore Marine Port...
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Oil Spill Response Continues in Singapore After Containerships Collide
The Maritime and Port Authority of Singapore has reported “good progress” in cleaning up an oil spill after two containerships collided late Tuesday night in the East Johor Strait separating Singapore...
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Singapore Bunker Volumes Expected to Set Record High in 2016
By Roslan Khasawneh Jan 11 (Reuters) – The Maritime and Port Authority of Singapore (MPA) expects 2016 sales of bunker fuel for ships to rise to a record for a second consecutive year, with early...
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DNV GL, Singapore MPA Agree to Promote R&D in Autonomous Systems and...
International classification society DNV GL has signed a Memorandum of Understanding with the Maritime and Port Authority of Singapore to promote R&D and innovation in the maritime industry,...
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Singapore’s Ezra Says it Faces Court Application to Wind Up Unit of Subsea JV
SINGAPORE, Feb 15 (Reuters) – Debt-laden Singaporean oilfield services firm Ezra Holdings Ltd said late on Tuesday that a creditor of a business owned by an Ezra joint venture had filed a court...
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Singapore’s Stock Rally Looks to Be Floating on Foam
By Christopher Langner (Bloomberg Gadfly) — Read the shipping and offshore oil industry news in Singapore and you’d be forgiven for imagining the country’s stock market must also be in the doldrums. A...
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Bankrupt: Singapore’s Ezra Holdings Files Chapter 11
by Tom Hals (Bloomberg) Oilfield services firm Ezra Holdings Ltd (EZRA.SI) of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday, blaming a prolonged slump in the energy industry. The company...
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Ezra Bankruptcy Adds to Singapore’s Sorry Offshore Marine Story
By Aradhana Aravindan and Anshuman Daga SINGAPORE, March 20 (Reuters) – Oilfield services provider Ezra Holdings Ltd’s decision to file for U.S. bankruptcy protection gave investors another cause for...
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Singapore Efficiency Even Extends to Its Bankruptcy Laws
By Christopher Langner (Bloomberg Gadfly) — When it comes to matters legal or bureaucratic, Singapore is swift to act. Bankruptcy, sometimes, can be even faster. Ezra Holdings Ltd., a Singapore...
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Sembcorp Marine Q1 Profit Drops as Rig Orders Slow Down
SINGAPORE, April 27 (Reuters) – Singapore’s Sembcorp Marine Ltd (Sembmarine) posted a 28 percent drop in its first-quarter profit as rig orders slowed and customers delayed taking deliveries....
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From Worst to Best: A Shipbuilder’s Fortunes Turn Around
By Krystal Chia and Livia Yap (Bloomberg) — A recovery in demand for new bulk carriers has helped Singapore’s worst-performing stock in 2016 become its best this year. Yangzijiang Shipbuilding Holdings...
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Five Missing After Dredger Capsizes Following Collision with Tanker Off...
Five crew members of a Dominican-registered dredger were missing after a collision with an Indonesian-registered tanker in Singapore’s territorial waters on Wednesday, Singapore’s Marine Port Authority...
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Singapore Suspends Trade Relations with North Korea
SINGAPORE, Nov 16 (Reuters) – Singapore has suspended trade relations with North Korea, the latest of Pyongyang’s major trade partners to cut commercial ties under toughening U.N. sanctions over its...
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Singapore Wants to Start Using Aerial Drones for Remote Ship Inspections
The Maritime and Port Authority of Singapore has unveiled plans to leverage aerial drones for carrying out ship inspections beginning as soon as early next year. The announcement was one of several...
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Singapore Uncovers Large Oil Heist at Shell’s Biggest Refinery
By John Geddie and Henning Gloystein SINGAPORE, Jan 9 (Reuters) – Eleven men were charged in a Singapore court on Tuesday in connection with a large-scale oil theft at Shell’s biggest refinery, while...
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The Tankship Triangle: Southeast Asia’s Illegal Oil Market
by Henning Gloystein (Reuters) – An alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and allegations that thieves siphoned thousands of tonnes of...
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Singapore Arrests Former Keppel Execs in Brazil Bribery Probe
SINGAPORE, Feb 2 (Reuters) – Several former executives of Keppel Corp have been arrested by Singaporean authorities in a probe related to charges its rig-building unit bribed Brazilian officials,...
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