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Offshore & Marine

Keppel's settlement agreement with Sete Brasil is effective, with no impact on NAV or EPS  - THE EDGE SINGAPORE

Offshore & Marine

Keppel's settlement agreement with Sete Brasil is effective, with no impact on NAV or EPS

Keppel Corp's Settlement Agreement with Sete Brasil is in effect.
By air and by sea, CMA CGM expands freight business - THE EDGE SINGAPORE

Offshore & Marine

By air and by sea, CMA CGM expands freight business

CMA CGM, which acquired NOL in 2016, declared US$350 million dividends in 1H2021, and diversified into air freight

Offshore & Marine

UOB Kay Hian upgrades offshore & marine sector to 'overweight' as industry activity expected to pick up in 2022

The brokerage’s top picks are Yangzijiang, Keppel Corporation and SembMarine, with 'buy' calls for all three.
SembMarine uses $430.0 mil of net proceeds from rights issue to repay loan facility - THE EDGE SINGAPORE

Offshore & Marine

SembMarine uses $430.0 mil of net proceeds from rights issue to repay loan facility

Shares in SembMarine closed flat at 8.1 cents on Sept 24.
Sembcorp Marine receives approval from shareholders on $1.5 bil rights issue - THE EDGE SINGAPORE

Offshore & Marine

Sembcorp Marine receives approval from shareholders on $1.5 bil rights issue

As at 3.54pm, shares in SembMarine are trading flat at 10.3 cents.
Singapore completes its first bunker financing transaction using digital bunker delivery note - THE EDGE SINGAPORE

Offshore & Marine

Singapore completes its first bunker financing transaction using digital bunker delivery note

The digital bunker delivery note bypasses the need to deliver a physical note to shore.
Ezion sells vessels and subsidiary Teras Sunrise for US$83.7 mil - THE EDGE SINGAPORE

Offshore & Marine

Ezion sells vessels and subsidiary Teras Sunrise for US$83.7 mil

According to Ezion, the disposals are in line with its restructuring plan previously announced on June 20.
Casting off the O&M crown jewel turned millstone - THE EDGE SINGAPORE

Offshore & Marine

Sembcorp Industries, SembMarine: Casting off the O&M crown jewel turned millstone

For many years, the offshore services provider was the crown jewel of Sembcorp. Not any longer.

Offshore & Marine

Sembcorp Marine and Keppel begin long-awaited merger talk of O&M business

The MOU is confirmation of a widely-expected restructuring exercise investors and analysts have been suggesting for years.
SembMarine seeks to raise $1.5 bil through rights issue; enters into MOU with Keppel O&M on potential merger - THE EDGE SINGAPORE

Offshore & Marine

SembMarine seeks to raise $1.5 bil through rights issue; enters into MOU with Keppel O&M on potential merger

If successfully completed, the merger is expected to be a listed entity and accretive to Keppel Corporation’s earnings.
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