Shares traded firm on the Stock Exchange of Singapore on Monday with the Straits Times Index ending 22.67 points up, or 0.84% to 2,723.87. Gainers led losers by 259 to 188.

US stocks slid on Monday, driving the Dow to its lowest level since Feb 10 as fresh signs of Europe’s banking problems emerged.

Neptune Orient Lines said it carried 34% more containers from April 3 to April 30 from a year ago. NOL said in a statement it carried the equivalent of 212,000 40-foot containers (FEUs) on its ships in the period, up from 157,800 a year earlier. The average revenue from each container rose 15 per cent during the period to US$2,669 from a year earlier, signalling a recovery in the shipping sector.

Singapore Airlines (SIA SP): The world’s second- biggest airline by market value said it will be cautious about boosting capacity as yields remain below pre-crisis levels. “We’re not out of the woods yet,” Chief Executive Officer Chew Choon Seng said yesterday.

Wilmar International (WIL SP): The world’s biggest palm-oil trader said its Wilmar Holdings Pte. unit agreed to sell US$250 million ($351 million) of shares in the company to Archer Daniels Midland Asia-Pacific and Natalon Co.

RH Energy has won contracts worth approximately US$9.7 million, to provide process engineering design, technical services and commissioning of both an Adipic Acid plant and a Cyclohexanol/Cyclohexanone plant for Shandong Hualu Hengsheng Chemical Co., one of the top petroleum and chemical industry enterprises in China and listed on the Shanghai and Shenzhen Stock Exchanges.

Yangzijiang said it plans to list Taiwan Depository Receipt of up to 100 million new ordinary shares.The company said the additional funds raised will be used to help boost its war-chest to pursue potential acquisitions, strategic investments and to strengthen its working capital.

EMS Energy announced that its subsidiary, Engineering & Marine Services (Pte) Ltd, has secured a contract to build a Mobile Modular Workover Unit from Vietnamese oil major Vietsovpetro on a turnkey basis. The contract is worth US$17 million ($23.9 million), with a delivery schedule of 23 months.

Beng Kuang Marine announced that its wholly-owned subsidiary, Asian Seal and Engineering has secured a contract with a new customer to construct and deliver one crane barge. The contract is worth approximately $6.4 million and is expected to commence in May 2010 and completed in November 2010.

KSH Holdings announced a 34.6% jump in net profit to $18.3 million for the full year ended March 31, 2010 on revenue of $290.9 million. The net profit represents a record achieved for the group since its listing in February 2007.

Hiap Seng Engineering reported its group turnover for the full year ended 31 March 2010 increased by 12.4% to $252.1million as compared to $224.3 million for FY 2009 ended 31 March 2009 and the gross profit margin increased to 22% from 15.2% for FY2009. The group’s net profit attributable to shareholders for FY2010 increased by 142.9% from $13 million to $31.5 million as compared to FY2009.

Tat Hong Holdings reported its results for the full-year ended March 31, 2010 with net profit declined 44% from $68.9 million in the previous financial year to $38.6 million in FY2010, following a 22% decrease in revenue from $631.8 million in FY2009 to $495.4 million in FY2010. The lower revenue was due to weaker performances from all its business segments with the exception of its Tower Crane Rental division, which registered a commendable 37% growth in revenue in FY2010.

China Aviation Oil Singapore Corp. (CAO SP): China’s largest jet fuel supplier is seeking as much as 120,000 tonnes of A-1 grade jet fuel for loading in June and July, according to a document e-mailed to potential sellers yesterday.

SBS Transit (SBUS SP): Singapore’s largest bus operator said it established a $250 million multicurrency medium-term note program. Standard Chartered Bank was appointed arranger and dealer.