Board Of Singapore News

U.S. helicopters repelled an attack by Iran-backed Houthi militants on a Maersk container vessel in the Red Sea, sinking three ships and killing 10 militants, according to accounts by American, Maersk, and Houthi officials on Sunday.The naval battle occurred around 0330 GMT on Sunday as the attackers sought to board the Singapore-flagged Maersk Hangzhou, Maersk and U.S. Central Command (CENTCOM) said. Helicopters from the USS Eisenhower and USS Gravely joined the ship's security team in repelling the attackers after receiving a distress call…

Royal Boskalis Westminster N.V. said it has received a Letter of Award from the Housing & Development Board of Singapore for the development of a polder at the north western tip of Pulau Tekong. The contract value for the joint venture with Penta Ocean Construction Company is approximately EUR 800 million of which Boskalis' share is approximately EUR 400 million. Boskalis and its partner will be responsible for building the required dike closures and reinforcement of the existing dike to create a 10 kilometers long dike, the drainage of the reclamation area and extensive dry earthmoving activities to create Singapore's first polder.

Keppel DC REIT Management Pte. Ltd., a wholly-owned subsidiary of Keppel Telecommunications & Transportation Ltd has received overwhelming demand from institutional and retail investors for its initial public offering of 261,138,000 Units. The Offering comprised an international placement of 207,375,000 Units1 to investors, including institutional and other investors in Singapore (the "Placement Tranche"), and an offering of 53,763,000 Units to the public in Singapore (the "Public Offer"). Due to strong demand from institutional investors during the book-building process, the Units were priced at the top end of the offering price range at S$0.93 per Unit.

Keppel Telecommunications & Transportation (Keppel T&T) has today issued a circular to Keppel T&T shareholders together with a notice of extraordinary general meeting (EGM). Approval will be sought at the EGM, which will be held on 25 November 2014, for the proposed listing of Keppel DC REIT on the Main Board of Singapore Exchange Securities Trading Limited (the SGX-ST). Keppel T&T will also seek the approval of shareholders on a proposed divestment of Keppel T&T's interests in Keppel Digihub, Keppel Datahub 1, Gore Hill Data Centre and Citadel 100 Data Centre, and their proposed injection into Keppel DC REIT. Keppel DC REIT's proposed investment strategy is to principally invest…

The Board of Singapore's financially-turbulent FSL Trust Management Pte. Ltd. has appointed Investment Banker Alan Hatton to be CEO of the Trust. Alan Hatton joins FSL Trust from FR8 where he has been CEO since 2008. He joined FR8 as CFO in 2007 and has significant commercial shipping experience including negotiating and executing time charters, sale & purchase deals and risk management strategies. Previously, Alan was an investment banker working in Mergers & Acquisitions and Corporate Finance for Lazard and Dresdner Kleinwort in London. Alan has an M.Sc. and B.Sc.

Keppel Offshore & Marine Limited (Keppel O&M), through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), has acquired a 27.77% stake (250,000,000 shares) in topside module fabricator Dyna-Mac Holdings Ltd (Dyna-Mac) via an equity placement. This follows Dyna-Mac's successful listing on the main board of Singapore Exchange Securities Trading Limited (SGX) today. KSI's total investment is S$87.5 million based on the invitation price of 35 cents per share. The equity placement, through its investment vehicle KSI, is part of a collaboration between Keppel Shipyard (a wholly-owned subsidiary of Keppel O&M) and Dyna-Mac to jointly pursue the topside module business beyond Singapore's shores.

STX Europe reported an EBITDA of NOK 367 million for third quarter 2010 which is an increase from NOK 96 million in the third quarter 2009. The year-to-date EBITDA is NOK 660 million compared with NOK 177 million in the same period 2009. The result before tax in the third quarter 2010 was NOK 195 million compared with NOK -159 million in the same period last year. During the third quarter 2010 STX Europe received orders for NOK 4 413 million and increased its order backlog by NOK 486 million to NOK 29 279 million. The initial public offering of shares in STX OSV Holdings Limited on the Main Board of Singapore Exchange Trading Limited (SGX) was completed on 12 November 2010. STX OSV is the first Norwegian headquartered company with a primary listing in Singapore.

Veson Nautical, the U.S.-based maritime software developer that delivers chartering, operations and accounting solutions for cargo transportation, announced it is expanding its director level in Singapore as well as its project management and human resources personnel in the U.S. to keep pace with its continuing growth and to ensure that the needs of its customers are met. Additionally Veson has ramped up new training and post-implementation support for its current clients. John Veson, president of Veson Nautical remarked, “We continue to experience dynamic triple digit growth, with a significant portion coming from expansion within our existing customer base.

Veson Nautical operations and accounting solutions for cargo transportation, today announced it is expanding its director level in Singapore as well as its project management and human resources personnel in the U.S. to keep pace with its continuing growth and to ensure that the needs of its customers are met. Additionally Veson has ramped up new training and post-implementation support for its current clients. Andy Lee, Veson’s new Regional Director, Asia Pacific, comes to the company with more than 15 years experience in the enterprise software field. He has a strong track record in understanding client business processes and requirements, implementing tailor-made solutions, and supporting customers post-installation.

The Board of Directors of Chemoil Energy announced that the company’s CEO and Executive Chairman, Robert V Chandran passed away January 7, 2008 from injuries sustained when a helicopter he was traveling in crashed in the Riau Province of Indonesia. In the aircraft with Chandran was Terence Gidlow, Chemoil’s Vice President of Business Development, who was injured but is in stable condition. Chandran built Chemoil Energy into one of the world’s leading independent suppliers of marine fuels since he founded the company in 1981.

construction of a 4.05km long road tunnel in Kuala Lumpur, has been loaded on board Rickmers Singapore and is currently being shipped eastbound to the port of discharge, Port Kelang in Malaysia. The massive tunnel boring machine (TBM) was built by Herrenknecht AG, which manufactures an entire range of mechanical tunneling machines in Schwanau, Germany. responsible for the transportation of the entire project from ex-factory to the construction site in Kuala Lumpur, Malaysia. Hamburg-based global project liner and heavy lift specialist. The TBM was carried from Schwanau down the Rhine to Antwerp by barge where the component parts were stowed on board Rickmers Singapore. The two heaviest pieces comprised the 13.21m diameter cutting head weighing 120 tons and another piece weighing 145 tons.

INTERTANKO has recorded 60 tanker incidents during the first part of 2004, most of them minor with no resultant pollution or loss of life. This compares to the 130 tanker incidents reported for the whole of 2003. The biggest pollution incident during the first half of 2004 appeared to be 200 tonnes oil lost from the Everton, which was laden with 80,400 tonnes of crude oil. The tanker caught fire off the Gulf of Oman on 22 March 2004 and was abandoned by its crew. The oil was reported to have been mainly burnt up. One seafarer was reported missing after this incident. The other pollution incidents recorded were very minor. As in 2003 the most serious tanker incidents in 2004 have involved fire and explosion (F&E). Sadly we have reports of 44 people killed or missing.

Veson Nautical announced at the 23rd Asia-Pacific Petroleum Conference (APPEC) the opening of its newest location in Singapore and the addition of Jesse DiIanni, who will be leading the company’s project management team. Veson’s staff and location expansions are part of its ongoing Customer Care Program, which includes training, staff and post-implementation initiatives designed to provide enhanced support and services to its customer base. Jesse DiIanni, Veson’s Project Manager, has an understanding of project lifecycles, customer management, and product implementations. Prior to joining Veson, Jesse was Project Manager for MFC Global Investment Systems, which is part of John Hancock.