Here are nine strategies Singapore could use to decarbonise the martime industry

23 Apr 2021 - Singapore Business Review
The Singapore government has received an international panel's reccomendations on having an eco-friendly maritime industry. To support the Maritime Singapore Decarbonisation Blueprint of 2050, the International Advisory Panel on Maritime Decarbonisations (IAP) submitted its recommendations to the government. ...
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Shell to trial hydrogen fuel cells for ships in Singapore

22 Apr 2021 - Singapore Business Review
The company will charter both the trial vessel and the hydrogen fuel provider. Shell, together with other partners, will collaborate on a feasibility study to trial the use of hydrogen fuel cells for ships in Singapore, it has announced. The company is the charterer of the trial vessel and the hydrogen ...
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Investors jittery over resurgence of COVID cases

13 Apr 2021 - Singapore Business Review
The global statistics of confirmed COVID cases have returned to early January levels, dampening investor appetite. Equity markets may have performed comparatively strongly for the first quarter of the year, but this might soon change, according to the Singapore Exchange (SGX). For the first quarter, ...
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Sembcorp turns its portfolio towards a “greener future”

5 Apr 2021 - Singapore Business Review
The company will bank on renewable energy demand after incurring a net loss in 2020. Sembcorp Industries plans to transform its portfolio towards a “greener future,” as it pushes to provide renewables and sustainable urban solutions acoss its businesses. The company incurred a net loss of $997m in 2020, ...
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SembMarine, GE Renewable Energy partner on wind farm project

30 Mar 2021 - Singapore Business Review
Early design works for the project began in July 2020. Sembcorp Marine (SembMarine) and GE Renewable Energy’s Grid Solutions have clinched a contract worth $1.12b from RWE Renewables to supply the high voltage direct current (HVDC) electrical transmission system for the Sofia Offshore Wind Farm in the ...
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Sembcorp Marine clinches $500m sustainability-linked loan from DBS

4 Mar 2021 - Singapore Business Review
This is reportedly the first SORA-based, sustainability-linked loan in Singapore's maritime industry. Sembcorp Marine, through its wholly owned subsidiary Sembcorp Marine Financial Services, has secured a $500m sustainability-linked financing facility referencing the Singapore Overnight Rate Average ...
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SembMarine losses likely to continue, ‘multiple headwinds' ahead: analyst

25 Feb 2021 - Singapore Business Review
The group recorded a net loss of $583m for FY2020. The recovery of marine and offshore engineering group Sembcorp Marine (SembMarine) is still a long way off amidst a challenging environment in the industry, according to OCBC Investment Research (OIR). SembMarine recorded a 47.6% drop in revenue to $1.5b ...
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SembMarine registers $390m net loss in H2 2020

23 Feb 2021 - Singapore Business Review
Turnover for the same period dropped 54.9% to $604.1m. Marine and offshore engineering group Sembcorp Marine (SembMarine) has seen its net loss for H2 2020 widen to $390m, from $130m during the same period in 2019, the company announced in a bourse filing. Net loss for H2 2020 is at $246m when excluding ...
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Singapore stocks close higher on Tuesday, tracking Wall Street gains, STI up 0.7%

2 Feb 2021 - The Business Times
LOCAL shares, along with other stock markets in Asia, took their cue from advances on Wall Street, and closed higher on Tuesday. All Wall Street Indices had closed in the black on Monday. The Dow Jones Industrial Average gained 0.8 per cent; the S&P 500 added 1.6 per cent, and the Nasdaq rose 2.6 per ...
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Singapore stocks end first trading day of the week in the red, STI down 0.2%

1 Feb 2021 - The Business Times
SINGAPORE equities ended the first trading day of February in the red as investors remained fairly cautious after a retreat over on Wall Street and the declaration of a year-long state of emergency by Myanmar's military after the country's de facto leader Aung San Suu Kyi and other senior officials were ...
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