Marco Polo Marine

Rebound in Ezra seen to be fleeting amid oil industry woes

SINGAPORE (Sept 26): Ezra Holdings is leading a rebound among Singapore oil-services providers this month, after bearish bets pushed the company’s shares to all-time lows. The rally will be short-lived amid deepening financial distress in the industry,

Market Close

STI closes 0.4% higher at 2,856.95

SINGAPORE (Sept 22): Singapore stocks ended Friday and the week higher at 2,856.95, as a global stock rally associated with central bank policy decisions petered out and large-caps ended mixed, with many unchanged.

Stocks To Watch

Capitaland, Lum Chang, Cacola, Marco Polo

SINGAPORE (Sept 23): Here are some stocks that could move the market this Friday morning:

Singapore's rough week for shipping foreshadows challenging 2017

SINGAPORE (Sept 15): It has been a rough week for Singapore's shipping services industry and the going could get even tougher next year with record debt falling due.
Marco Polo

Marco Polo Marine plans to delay payment on bonds in Singapore

SINGAPORE (Sept 9): A Singapore provider of barges and tugs for coal, steel scrap and iron ores plans to ask bondholders for approval to delay paying $50 million of securities due next month after appointing an external adviser to review its business.

Broker's Calls

No respite for besieged O&M sector

SINGAPORE (Aug 25): Daiwa has maintained its “negative” outlook for the Singapore Offshore & Marine sector, as it turns more bearish than the general consensus on earnings recovery prospects of the Singapore O&M counters.
Otto Marine logo

Broker's Calls

Besides Otto Marine, CIMB parses who's next?

SINGAPORE (June 3): Following Otto Marine’s June 2 announcement that it might receive an acquisition offer from a yet-to-be-named party, CIMB has drawn up a list of other names in the offshore and marine space that will likely figure in various other co
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