COSCO Shipping International (Singapore), an offshore marine engineering, shipbuilding, and dry bulk shipping group, recorded a net loss of SGD 20.8 million in Q2 2017, down from a net loss of SGD 36.8 million in Q2 2016.
News ID: 75548 Publish Date : 2017/08/13
Ezra Holdings Ltd., a Singapore-listed offshore services group, filed for bankruptcy protection in the U.S. from hostile creditors as the energy support sector struggles from three years of weak oil prices.
News ID: 74016 Publish Date : 2017/05/20
ASL Marine has warned investors of a net loss for its third quarter and nine months ended 31 March 2017 in view of challenging conditions in the offshore marine segment.
News ID: 73839 Publish Date : 2017/05/09
COSCO Shipping Heavy Industry Co is planning to cut the number of shipyards that are able to manufacture offshore engineering products from five to two by 2020, China Daily reported.
News ID: 72818 Publish Date : 2017/03/06
No-one predicted the scale and depth collapse in the oil price and the impact it then had on offshore marine, so it is also likely that few, if any, will accurately forecast the timing and extent of an upturn in the sector.
News ID: 72749 Publish Date : 2017/03/04
China's largest semi-submersible ship "Xinguanghua" carrying a floating platform for oil production, storage and unloading, set sail from Shengsi County in east China's Zhejiang Province on Saturday towards the North Sea Oil Field in the UK.
News ID: 72614 Publish Date : 2017/02/26
South Korea’s Saemangeum Development and Investment Agency has announced plans for a 96.8MW offshore wind farm that will also include tourist attractions.
News ID: 71481 Publish Date : 2017/01/11
Seven major Chinese rigbuilders have join forces to form the new China Offshore (Deepsea) Industry Alliance, or CODIA, as they seek to raise competitiveness through shared resources and keener focus on R&D.
News ID: 71216 Publish Date : 2016/12/30
Offshore services vessel operator Tidewater has won an extension of three weeks to reach a deal with its lenders and bondholders before it will be forced to consider Chapter 11 bankruptcy.
News ID: 69855 Publish Date : 2016/10/26
Offshore vessels owner Tidewater Inc has warned that the company could face bankruptcy restructuring as negotiations with its creditors have not been fruitful.
News ID: 69808 Publish Date : 2016/10/25
Keppel Offshore & Marine (Keppel O&M) has further slashed its workforce by about 3,080 during the third quarter in response to the offshore sector recession, bringing its job cuts to around 8,000 over the first nine months of this year amid profit slump.
News ID: 69762 Publish Date : 2016/10/24
China’s Cosco Qidong Offshore and shipowner Axis Offshore have mutally agreed to re-extend the delivery date of a semi-submersible accommodation rig.
News ID: 69294 Publish Date : 2016/10/03
Offshore vessels owner and operator Tidewater Inc has been hit by a first quarter loss of $89.1m, an almost six-fold increase compared to the deficit in the year-ago period.
News ID: 68138 Publish Date : 2016/08/12
The difficult and challenging operating conditions in the offshore and shipbuilding segments are expected to persist or worsen, according to Cosco Corp (Singapore).
News ID: 68051 Publish Date : 2016/08/20
Japan’s Penta-Ocean Construction has placed an order with Japan Marine United for the nation’s first jack-up wind installation platform.
News ID: 67871 Publish Date : 2016/07/30
South Korean shipbuilding major Hyundai Heavy Industries (HHI) added USD 4.1 billion worth of new orders to its orderbook in the first half of 2016, a 44.4% drop compared to the results for the same period a year earlier when the company recorded close to USD 7.4 billion worth of new orders.
News ID: 67699 Publish Date : 2016/08/10