Haunted by Oil Slump, Singapore’s Otto Marine Buckles Under Debt
By Andrea Tan and David Yong (Bloomberg) — A Singapore shipping company rescued by its chairman just over a year ago faces collapse unless the courts
By Andrea Tan and David Yong (Bloomberg) — A Singapore shipping company rescued by its chairman just over a year ago faces collapse unless the courts
SINGAPORE, Feb 8 (Reuters) – Two employees of Brightoil Petroleum (Singapore) Pte Ltd were charged in court in the city-state this week for their alleged
SINGAPORE, Feb 2 (Reuters) – Several former executives of Keppel Corp have been arrested by Singaporean authorities in a probe related to charges its
by Henning Gloystein (Reuters) – An alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and
By John Geddie and Henning Gloystein SINGAPORE, Jan 9 (Reuters) – Eleven men were charged in a Singapore court on Tuesday in connection with a
The Maritime and Port Authority of Singapore has unveiled plans to leverage aerial drones for carrying out ship inspections beginning as soon as early next
SINGAPORE, Nov 16 (Reuters) – Singapore has suspended trade relations with North Korea, the latest of Pyongyang’s major trade partners to cut
Five crew members of a Dominican-registered dredger were missing after a collision with an Indonesian-registered tanker in Singapore’s territorial waters
By Krystal Chia and Livia Yap (Bloomberg) — A recovery in demand for new bulk carriers has helped Singapore’s worst-performing stock in 2016 become its
SINGAPORE, April 27 (Reuters) – Singapore’s Sembcorp Marine Ltd (Sembmarine) posted a 28 percent drop in its first-quarter profit as rig orders
By Christopher Langner (Bloomberg Gadfly) — When it comes to matters legal or bureaucratic, Singapore is swift to act. Bankruptcy, sometimes, can be even
By Aradhana Aravindan and Anshuman Daga SINGAPORE, March 20 (Reuters) – Oilfield services provider Ezra Holdings Ltd’s decision to file for U.S.
by Tom Hals (Bloomberg) Oilfield services firm Ezra Holdings Ltd (EZRA.SI) of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday, blaming a prolonged
By Christopher Langner (Bloomberg Gadfly) — Read the shipping and offshore oil industry news in Singapore and you’d be forgiven for imagining the
SINGAPORE, Feb 15 (Reuters) – Debt-laden Singaporean oilfield services firm Ezra Holdings Ltd said late on Tuesday that a creditor of a business owned by
International classification society DNV GL has signed a Memorandum of Understanding with the Maritime and Port Authority of Singapore to promote R&D and
By Roslan Khasawneh Jan 11 (Reuters) – The Maritime and Port Authority of Singapore (MPA) expects 2016 sales of bunker fuel for ships to rise to a record
The Maritime and Port Authority of Singapore has reported “good progress” in cleaning up an oil spill after two containerships collided late
SINGAPORE, Jan 4 (Reuters) – Nearly 300 tonnes of oil spilled into the narrow strait separating Singapore and Malaysia after a collision between two
SINGAPORE, Nov 25 (Reuters) – Singapore plans to offer financial assistance to its liquidity-hit marine and offshore engineering companies that could
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