Mooreast Holdings

Mooreast Holdings appoints Eirik Ellingsen as CEO; Sim Koon Lam to step down - THE EDGE SINGAPORE

New appointments

Mooreast Holdings appoints Eirik Ellingsen as CEO

Sim will continue to serve as executive director and deputy chairman of the group.

Contracts

Mooreast wins US$6.7 million contract off Thailand's coast

Mooreast expects this project to have a positive contribution for its coming FY2025 ending Dec 2025.

kopi-C: the Company brew

Mooreast’s head of commercial: ‘We’re the world’s largest drag anchor manufacturer’

Mooreast’s leading position comes from years of careful growth management.

Company in the news

Mooreast opens first sales office in Taiwan

A physical presence in Taiwan will spur collaboration with contractors and partners, says Mooreast chairman Joseph Ong.
Mooreast acquires facility from Seatrium for $13.5 mil - THE EDGE SINGAPORE

M&A

Mooreast acquires facility from Seatrium for $13.5 mil

Mooreast acquires from Seatrium a shipyard facility for $13.5 mil.
Mooreast takes out $20 million convertible loan - THE EDGE SINGAPORE

Company in the news

Mooreast takes out $20 million convertible loan

The conversion price is set at 29 cents, which is a premium of 180% over the volume-weighted average price of 10.36 cents

Company in the news

Mooreast aims to catch the wind off Taiwan with new local subsidiary

Since 2017, Taiwan has been actively growing its wind power capacity
EDBI sells Mooreast stake to spin-off August Global Partners - THE EDGE SINGAPORE

Insider moves

EDBI sells Mooreast stake to spin-off August Global Partners

Mooreast says it has seen an uptick in urgent demand, especially in Southeast Asia

Contracts

Mooreast to supply anchors for pre-commercial floating offshore wind farm in France

The order will contribute positively to Mooreast’s FY2024 performance.
Offshore wind's next big problem: not enough ships - THE EDGE SINGAPORE

Energy

Offshore wind's next big problem: not enough ships

Day rates have increased from about US$200,000 in 2022 to about US$350,000 for the newest and biggest vessels
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