shipping

Global Economy

How supply chains broke, sparking global shortages

Delays are more than just a headache for importers waiting for their goods. They sap capacity, which keeps rates up.

Global Economy

The world's shippers are earning the most money since 2008

Earnings are soaring for ships of almost every type.

Sustainability

Trafigura calls on shipping watchdog to up the pace on CO2 curbs

No significant progress was made on decarbonizing shipping, says Trafigura

Company in the news

PSA and South Korea's HMM launch joint venture for container terminal operations in Singapore

Through their respective subsidiaries, PSA will hold a 58% stake in the joint venture, while HMM will own the remaining 42%.

US-China trade war

How the trade war and a changing China are roiling world shipping

(Oct 31): The trade war and China’s economic shift made 2018 a tough year for global shipping and will continue to reverberate through the industry, according to the United Nations Conference on Trade and Development.

Sector Focus

Singapore has a shipping rival less than 30 kilometres away

SINGAPORE (Feb 1): Indonesia wants to re-position its Batam island as an alternative shipping and manufacturing hub to Singapore with a potential to draw US$60 billion ($80.8 billion) in new investment.

Contracts

Sembmarine ends year with 10 completed cruise ship projects, announces 13 new jobs for 2019

SINGAPORE (Dec 17): Sembcorp Marine (Sembmarine) today announced the completion of repair work on Costa Fortuna, a 1,358-cabin vessel operated by Costa Crociere which sailed away from Sembmarine’s Admiralty Yard yesterday.

Broker's Calls

Yangzijiang's share price ready for a rebound after falling 50% YTD, says DBS

SINGAPORE (July 3): DBS is reiterating its “buy” call on Yangzijiang Shipbuilding (YZJ) with an unchanged target price of $1.82, which translates to 1.25 times price-to-book value (P/BV), approximately 0.4 standard deviation points below the historica

In print this week

At close to 200 years old, this company is seeking young blood

SINGAPORE (July 7): As one of Singapore’s oldest companies, Boustead Singapore has cycled through numerous businesses including commodity trading, tin smelting, shipping and the distribution of consumer goods.
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