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Monetary Authority Of Singapore News

22 Feb 2023

Squire Patton Boggs Partners with The Baltic Exchange

Š Timon / Adobe Stock

Law firm Squire Patton Boggs (SPB) has partnered with freight market information organization The Baltic Exchange to provide a vessel sale and purchase (S&P) transaction closing service for the global shipping industry. The service will be led by SPB’s 30-strong Commodities & Shipping Group co-chaired by Chris Swart and Barry Stimpson, and will be underpinned by the Baltic Exchange’s independent Singapore-based escrow operation.The Baltic Exchange’s escrow service is already used for a wide range of transactional work…

25 Jan 2016

Keppel to Focus on its Asset Management Businesses

Keppel plans to consolidate its interests in business trust, REIT and fund management under Keppel Capital and grow its asset management business. In a major restructuring exercise to grow the contribution from its Investment Division, Keppel Corporation Limited (Keppel Corporation) plans to consolidate its interests in business trust management, real estate investment trust (REIT) management and fund management businesses (collectively, "Asset Management") under Keppel Capital Holdings Pte. Ltd. (Keppel Capital), a wholly-owned subsidiary of Keppel Corporation. Asset Management is an important part of Keppel Corporation's strategy and business. Keppel Corporation currently has four subsidiaries ("Subsidiaries") in Asset Management, namely Keppel Infrastructure Fund Management Pte. Ltd.

29 Sep 2014

EMAS Offshore Launches Singapore Listing

EMAS Offshore boosts profile amongst international investment community by providing Asian platform for growth;  Singapore public offer opens at 6.00 p.m. today and closes at 12.00  noon on 2 Oct 2014. EMAS Offshore Limited (“EMAS Offshore”, or the “Group”), formerly known as EOC Limited (“EOC”), is pleased to announce the launch of its public offering of shares following the registration of its prospectus (the “Prospectus”) with the Monetary Authority of Singapore (“MAS”), in…

28 Aug 2014

EOC Takes Full Ownership of OSVs

On 26 August 2014, EOC Limited agreed to acquire 50% of the entire issued share capital of Lewek Antares Shipping Pte. Ltd. (the "Target") , a company incorporated under the laws of Singapore, from Konquest Marine Pte Ltd ("KMPL"). Completion of the Acquisition shall take place on or around 28 August 2014. Prior to the Acquisition, the Target was jointly owned by KMPL and Ezra Holdings Limited ("Ezra"), the largest shareholder of the Company, in a 50-50 proportion. Upon completion of the Acquisition and post completion of the Proposed Business Combination (as referenced in the stock exchange release by the Company on 10 July 2014, and the announcement made on 7 August 2014 in respect of the publication of the shareholder circular dated 7 August 2014)…

19 Aug 2013

Markel Appoints Managing Director in Singapore

Matt Cannock

Markel International, a specialist insurer with a worldwide product portfolio, appointed Matthew Cannock as Managing Director of Markel International in Singapore. The Monetary Authority of Singapore has approved his appointment as Managing Director and as Principal Officer. Matthew will take up the position at the end of August from Peter Phillips, who has led Markel’s operations in Asia Pacific since 2007. Matthew joined Markel in 2012 as marine underwriter with responsibility for developing Markel’s regional marine capability, focusing on marine hull, cargo and liability business.

15 Mar 2013

NOL Appoints Leading Senior Counsel to Board

NOL Group has announced the appointment of Senior Counsel Mr Alvin Yeo to its Board of Directors. Subject to shareholders’ approval at NOL’s Annual General Meeting on 18 April 2013 (“AGM”),  Mr Yeo, Senior Partner at WongPartnership LLP, will join the Board after the AGM. He will serve as a member of the Executive Committee and Nominating Committee. Two of NOL’s current Directors, Mr Christopher Lau Loke Sam and Mr Peter Wagner, will retire from the Board at the AGM. Mr Lau is currently the Chairman of the Audit Committee and Member of the Enterprise Risk Management Committee.

19 Oct 2010

STX OSV Holdings Lodges Preliminary Prospectus

STX Europe AS' wholly-owned subsidiary, STX OSV Holdings Pte. Ltd. (to be renamed STX OSV Holdings Limited), has lodged a preliminary prospectus with the Monetary Authority of Singapore (www.mas.gov.sg, "MAS") in relation to the proposed initial public offering of its shares. The preliminary prospectus may be accessed via MAS' Offers and Prospectuses - Electronic Repository and Access (OPERA) website.

03 Jul 2008

Maritime Capital Shipping Withdraws Proposed IPO

Maritime Capital Shipping Limited has withdrawn its lodgment of its preliminary prospectus with the Monetary Authority of Singapore in connection with its proposed initial public offering and listing on the Main Board of the Singapore Exchange Securities Trading Limited. The company has just completed its international roadshow with institutional investors but has decided not to proceed with the launch of its proposed initial public offering citing the significant deterioration in sentiment in the world’s equity markets over the past few days.  As a result, the Company does not believe that a stable market for its shares would be established in secondary market trading while such negative market sentiment prevails.

12 Sep 2007

Singapore Shipping Industry Welcomes North of England P&I Club

Brigadier General Tay Lim Heng, chief executive of the Maritime and Port Authority of Singapore (MPA), officially welcomed North of England P&I club to the island nation last week. He was speaking on behalf of guests at a major reception held at Raffles Hotel on 6 September 2007 to celebrate the ‘A’ rated, 75 million GT club’s new representative office opening. In addition to MPA, organizations represented at the event included the Monetary Authority of Singapore and the Ministry of Transport as well as prominent local shipowners, brokers and law firms. North of England managing director Rodney Eccleston, deputy managing director Alan Wilson…