shipbuilding

SINGAPORE (Nov 10): Vard Holdings saw 3Q17 losses narrowed to NOK9 million ($1.5 million) from losses of NOK104 million a year ago on higher sales.

SINGAPORE (Sept 28): Cosco Shipping International (Singapore) has announced two new contracts to be undertaken by the subsidiaries of its 51%-owned subsidiary, Cosco Shipyard Group. 

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.

(July 20): Nam Cheong is set to renege on some of its borrowings, in the latest blow to Singapore’s bond market as the shipbuilding and offshore oilfield services industry struggles to rebound from a slump in oil.

SINGAPORE (May 12): Vard Holdings, the offshore and specialised vessel builder, has posted a loss of NOK27 million ($4.4 million) for the first quarter ended March 31 compared to a gain of NOK43 million in the same period a year ago.

SINGAPORE (April 3): Yangzijiang Shipbuilding Holdings says it has secured 13 new shipbuilding contracts totalling US$318 million ($444.3 million) to its order book for the first quarter of 2017.

SINGAPORE (March 13): Triyards Holdings, through its wholly-owned subsidiary Strategic Marine, has secured two deals totalling US$20.6 million ($29 million) for the fabrication of two passenger ferries.

SINGAPORE (Nov 30): Shipbuilder JES International is planning to acquire Malaysian investment holding company Maya Asia Resources for $16.3 million in a cash and shares deal.

SINGAPORE (Nov 11): Specialist shipbuilder Vard Holdings posted losses of NOK80 million ($13.5 million) for 3Q16, narrowing 84% from NOK486 of losses in the same period a year ago.

SINGAPORE (Aug 11): Nam Cheong, Malaysia’s largest shipbuilder of offshore support vessels (OSVs), posted 2Q earnings of RM2.7 million ($0.9 million), 74.3% lower from RM10.5 million the year before.