vessels

Beng Kuang to sell loss-making subsidiary's vessels for $6.3 mil

SINGAPORE (June 5): Beng Kuang Marine’s wholly-owned subsidiary, PT Marina Shipping (PTMS), has agreed to sell four sets of its tugs and barges to Indonesian company PT Quanta Indonesia for a total

Vard awarded contracts worth $114 mil to build new-concept stern trawlers

SINGAPORE (Dec 4): Vard Holdings has won contracts worth NOK 700 million ($113.9 million) for the design and construction of seven stern trawlers for four Icelandic shipowners, namely: Bergur-Hugin

Vard awarded vessel design contract for Japanese construction company

SINGAPORE (Sept 14): Vard Design, a subsidiary of shipbuilder Vard Holdings, has secured a contract to design a cable lay vessel for Kokusai Cable Ship, a construction company based in Japan.

Broker's Calls

New contract wins fail to boost confidence in Triyards

SINGAPORE (March 15): OCBC is has downgraded its call on offshore and marine (O&M) provider Triyards Holdings to “hold” from “buy” previously, with a lower fair value estimate of 34.5 cents.

Strategic Marine

Broker's Calls

New contract wins fail to boost confidence in Triyards

SINGAPORE (March 15): OCBC is has downgraded its call on offshore and marine (O&M) provider Triyards Holdings to “hold” from “buy” previously, with a lower fair value estimate of 34.5 cents.

Cosco delivers 2 vessels

SINGAPORE (Jan 18): Cosco Corporation Singapore said on Wednesday that Cosco Shipyard Group Co, a 51% owned unit of its subsidiary, has recently delivered a salvage lifting vessel to its Chinese cu

Hanjin

Troubled Hanjin's fleet shrinks to a tenth of its size

SINGAPORE (Nov 14): Hanjin Shipping Co.’s fleet has shrunk to about a tenth of its size after the South Korean container line returned most of its chartered vessels to owners in the weeks following

Results

Ezion’s 3Q earnings sink 69% to US$9 mil on lower revenue

SINGAPORE (Nov 10): Ezion Holdings posted a 69.1% decline in 3Q earnings to US$9.4 million ($13.2 million), about a third of the US$30.4 million reported in the same quarter a year ago on lower rev

Vard acquires Storvik Aqua for $6 mil

SINGAPORE (Oct 13): Vard Holdings announced that it has agreed to acquired Storvik Aqua, an aquaculture equipment supplier, for NOK 35 million ($5.9 million).

Broker's Calls

One-tanker Indonesian subsidiary does little for Ezion’s profits: OCBC

SINGAPORE (Sept 16): OCBC Investment Research is maintaining its “hold” call on Ezion Holdings with an unchanged target price of 30 cents, with the view that the group’s recent acquisition of an In

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