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News
‘If we buy vessels at current prices, we are never going to make losses’: Brave words from departing SCI boss
“If we buy vessels at current prices, we are never going to make losses.” Bold words for the departing boss of Shipping Corporation of India (SCI), which might come back to haunt him given the protracted and deep recession shipping is going on. BB Sinha, the interim SCI chairman and managing director, was quo read more
September,1st 2016
M3 Marine: Offshore distress asset sales rain in
“We are navigating a storm like we have never seen before and the end is not in sight.” That’s the words of respected offshore broker Mike Meade, today’s Maritime CEOinterviewee. Meade who heads up M3 Marine, a Singapore brokerage and consultancy focusing on offshore, is also a regular commen read more
September,1st 2016
Total to invest US$2 billion in Qatar
French oil major Total intends to invest more than US$2 billion in Qatar after ousting Maersk Oil from the Al-Shaheen oil concession. Total won a 30 per cent stake to operate Qatar’s largest offshore oil field in an international tender. It will take over operations from existing field operator Maersk Oil in July 2 read more
September,1st 2016
Judicial management in Singapore: Florence Nightingale to a vulnerable company?
The 60% slump in oil prices over the last two years has caused a major downturn in the oil and gas industry, which in turn has led to many Singapore companies taking drastic measures to cut costs. Unfortunately, some companies remain unable to satisfy their debt obligations and have consequently been wound up.
The tw read more
September,1st 2016
Mothballed Ships In SE Asia Show Pain Inflicted By Oil Slump
SINGAPORE, May 31 - Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of companies that help preserve equipment and provide security for vessels parked around southeast Asia are busier than they have been for years.
A popular lay-up anchorage near Indonesia's Batam read more
May,31st 2016
Aramco awards EPC ...
Aramco has awarded an engineering, procurement, construction and install... read more