offshore

SINGAPORE (Sept 30): Cosco Corp announced that subsidiary Cosco Qidong Offshore and shipowner Axis Nova Singapore have agreed to re-extend the delivery date of a harsh environment semi-submersible accommodation rig.

SINGAPORE (Sept 26): OCBC Investment Research is maintaining its “hold” call on Vard Holdings despite its efforts at diversification.

SINGAPORE (Aug 12): Vard Holdings, a designer and shipbuilder of offshore and specialised vessels, has won a contract with French cruise company Ponant to build four luxury expedition cruise vessels for an undisclosed sum.

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.

SINGAPORE (Aug 11): Ezion Holdings saw a 31.5% fall in 2Q earnings to US$19.8 million ($26.6 million) from US$28.9 million a year ago on lower gross profit.

SINGAPORE (Aug 10): DBS Vickers Securities is keeping its “hold” call on COSCO Corporation at a target price of 30 cents, highlighting potential mergers and acquisitions (M&A) as a re-rating catalyst. 

SINGAPORE (Aug 1): Brokerage houses DBS Vickers Securities, KGI Fraser and OCBC Investment Research are lowering their expectations of Sembcorp Marine’s (SMM) earnings in the next couple of financial years to come, after the Singapore-based drilling rig

SINGAPORE (July 29): Baker Tech sunk to a half-year loss compared to a profit of $6.4 million a year ago, dragged down by poor sales and a foreign exchange loss.   

SINGAPORE (July 29): Baker Technology’s earnings for the 2Q ended June surged nearly ninefold to $400,000 from $45,000 a year ago.   

SINGAPORE (July 22): Daiwa Capital Markets is reaffirming its “sell” recommendation on offshore and specialised vessels manufacturer Vard Holdings with a higher target price of 13.4 cents from the previous 11.8 cents, projecting that the stock could u