Swiber Holdings

Kim Heng O&M acquires 3 AHTS vessels from Swiber for $13.3 mil

SINGAPORE (June 12): Kim Heng Offshore & Marine has acquired three 10,800 bhp Anchor Handling Tug/Supply (AHTS) vessels for a consideration of US$9.6 million ($13.3 million).

Rickmers Maritime becomes latest Singapore casualty of debt woes

SINGAPORE (April 12): Rickmers Maritime, the Singapore-listed trust that operates container ships, said it would be wound up as it has been unable to reach an agreement with its lenders to restructure debt or raise new equity.
Ezra Holdings

In print this week

Will Ezra go the way of Swiber?

SINGAPORE (Feb 17): Local offshore services provider Ezra Holdings is struggling to stay afloat as it faces mounting debt, defaults and a winding-up petition.

Singapore defaults seen as bellwether for Asia distress in 2017

(Dec 28): Singapore’s commodities-related defaults could turn out to be the canary in the mine.
1MDB

Yahoo! Guess which were the top business stories in 2016?

SINGAPORE (Dec 12): Yahoo has revealed the top search trends, happenings and events that Singapore’s Internet users were captivated by in its 2016 Year in Review (YIR).

Vallianz claims not linked to Swiber’s CAD investigations; business to ‘continue as normal’

SINGAPORE (Dec 7): Vallianz Holdings, the offshore support vessel provider, claims the group is not involved with the investigations against its independent non-executive directors Yeo Jeu Nam and Yeo Chee Neng, who hold positions at the company as direct

Stocks To Watch

Del Monte Pacific, Trendlines, Swiber, Spackman, Olam

SINGAPORE (Dec 7): Here are some factors and stocks that could move the market this Wednesday morning:

Swiber directors released on bail after CAD investigations

SINGAPORE (Dec 6): Swiber Holdings’ chairman Raymond Kim Goh and a number of the group’s directors were released on bail by the Commercial Affairs Department on Tuesday.

Singapore says private banks should reveal rebates on bond sales

SINGAPORE (Nov 22): Singapore’s central bank said that revised industry guidelines will ask private banks to disclose rebates they receive from selling new bond issues to clients prior to each transaction.

Swiber subsidiary to sell vessel for US$10.25 mil to repay DBS

SINGAPORE (Nov 22): Swiber Atlantis, a wholly-owned subsidiary of Swiber Holdings, has signed a memorandum of agreement (MOA) for the sale of its vessel known as Sea Horizon to WAG SPV I, LLC for US$10.25 million ($14.6 million).
×