Sembcorp Marine Signs Long-term Ship-repair Contract with Canada’s Teekay Marine Services Sembawang Shipyard, a wholly-owned subsidiary of Sembcorp Marine Limited, has signed a long-term alliance contract with Canadian firm Teekay Marine Services to provide ship-repair, refurbishment, upgrading and related marine services for its fleet of 137 ships. Teekay Marine Services is a subsidiary of Teekay...

Sembcorp Marine’s Jurong Shipyard Clinches US$427.6 million Contract from Noble Corporation Sembcorp Marine Limited’s subsidiary, Jurong Shipyard, on Tuesday has signed two turnkey contracts worth a total of US$427.6 million (S$539.6 million) to build two jackup rigs for a subsidiary of Noble Corporation. The new deal for additional jackup rigs is part of the previous...

CapitaMalls Asia Applies for Secondary Listing on Hong Kong Exchange CapitaMalls Asia Limited has submitted an application for a secondary listing on the Mainboard of the Stock Exchange of Hong Kong Limited (“HKEx”), the company said on Monday. A major shopping mall developer, owner and manager in Asia, CapitaMalls Asia is listed on the Mainboard...

Unionmet Warns of Loss in 1QFY2011 Unionmet (Singapore) Limited on Thursday announced it will report a loss for the first quarter ending February 28 (1QFY2011) as the group registered lower sales of its indium and zinc-related products. “The production of indium during the quarter was adversely affected due to the impending relocation of the group’s...

Swiber Clinches Various Contracts Worth About US$27 million Swiber Holdings Limited, an integrated construction and support services provider to the offshore industry, announced that it has secured various contracts worth approximately US$27 million (S$34.1 million) in total, mainly for the charter of its offshore construction and support vessels. These charter contracts from leading oil majors...

SIA Cuts Flights to Tokyo’s Haneda Airport as Demand Weakens Singapore Airlines Limited on Tuesday announced it will suspend half of its daily flights between the city-state and Tokyo’s Haneda airport as demand weakened because of the nuclear crisis in Japan. The airline said in its website it will halt two of its four flights...

Think Environmental Wins Three New Gold Concessions in Mali In a move that further expands The Think Environmental Co Ltd’s presence in Mali, the company on Monday announced that its subsidiary, Emas Mali SA, has been awarded three new concessions at Bougouni in southern Mali. The new concessions are strategically situated close to Emas Mali’s...

Keppel Land to Build Some 630 Condominium Units in Sengkang Keppel Land Limited has been awarded the tender for a prime residential site in Sengkang, Singapore, by the Housing and Development Board (HDB). The winning bid was attained at about S$286.8 million. The new 1.8-hectare site is situated in the north-eastern region of Singapore, which...

Boustead Subsidiary Wins Contract to Build Continental Automotive’s R&D Centre Boustead Singapore Limited on Thursday announced that its wholly-owned subsidiary, Boustead Projects Pte Ltd, has been awarded a contract to design, build and lease an advanced R&D and technology centre to Continental Automotive Singapore Pte Ltd. To be completed in the first quarter of 2012,...

Boustead Subsidiary Clinches Two Industrial Real Estate Contracts worth S$72 million Boustead Singapore Limited on Wednesday announced that its wholly-owned subsidiary, Boustead Projects Pte Ltd, has clinched two industrial real estate deals worth a total of S$72 million. The first contract is a S$55-million deal with SDV Logistics (Singapore) Pte Ltd to design, construct and...

Ascott REIT Says No Damage to Its Japan Properties Ascott Residence Trust (Ascott REIT) on Tuesday announced that its properties in Japan, comprising two serviced residences and 18 rental housing properties, did not suffer any significant damage arising from the earthquake. “It is too early to assess the full potential impact, but based on current...

Global Logistic Properties Lowers Damage Cost Estimate from Japan Earthquake Global Logistic Properties Limited (GLP) has further assessed and refined its estimates for the damage to its operations following the earthquake that hit Japan last Friday. In a statement on Monday, GLP said it has determined that the estimated damage to its total portfolio of...