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Nam Cheong Limited has secured multi-year offshore support vessel (OSV) charter contracts worth RM317.1 million ($94.52 million) according to a release dated Apr 16.
The charter agreements include seven units of Anchor Handling Tug Supply (AHTS) vessels, which will be deployed in Malaysia and Thailand waters.
These vessels are multi-role workhorses in offshore operations, capable of handling heavy-duty towing and anchoring, while also providing logistical support and emergency response services, Nam Cheong N4e says.
Mermaid Maritime Public Company says that it entered a sale and purchase agreement with a Norway company on Dec 20, 2024, to acquire four newbuild work-class remote operated vehicles (WROVs) for EUR11 million ($16.42 million).
Mermaid Maritime, which provides subsea cable and installation services, says that the EUR11 million is to be paid in stages and funded through its cash reserves and credit facilities.
The delivery of the four WROVs is scheduled for 3Q2025.
Nikko Asset Management claimed four awards at the Best Funds Awards 2025 by The Edge Singapore. They are the Nikko AM Shenton Thrift Fund, Nikko AM Shenton Horizon Singapore Fixed Income Enhanced Fund–SGD Class, Nikko AM Singapore STI ETF and NikkoAM-StraitsTrading Asia ex Japan REIT ETF.
The Singapore Exchange S68 (SGX) has been awarded the ‘Best Asia FX Derivatives Exchange’ at the FX Markets Asia Awards for the eighth consecutive year, according to a release dated Apr 16.
The SGX recorded FX futures volume of US$4.1 trillion ($5.39 trillion) in 2024, a 40% y-o-y growth. In 1QFY2025 FX futures volume increased 45% y-o-y to US$1.2 trillion, while daily average volume (DAV) was up 47% y-o-y to US$20.3 billion.
The establishment of the $5 billion Equity Market Development Programme (EQDP) for fund managers to invest in Singapore-listed equities, has garnered significant attention from market participants, and understandably so.
Announced as part of a broad suite of measures under the Monetary Authority of Singapore’s (MAS) Equities Market Review Group, the funding is a strong signal of the intent to revitalise and invigorate Singapore’s equities market and will likely attract major fund management players.
Boosting trading liquidity in Singapore’s stock market remains very much a work in progress. Market makers and liquidity providers concede that their hands are tied. What more can be done?
If James Leong had his way, buying and selling shares in Singapore would be much cheaper than what it is now, more companies listed here would have larger free floats, and legitimate market making would be customary across the bourse.
Amid the wider wild swings of global markets, Jonathan Koh of UOB Kay Hian maintains his positive outlook for Singapore-listed data centre REITs. Besides keeping his “overweight” sector call, Koh has also kept his “buy” call and respective target prices for Keppel DC REIT, Mapletree Industrial Trust Me8u and Digital Core REIT.
UOB Kay Hian analyst Adrian Loh has raised his target price on Centurion Corporation Ou8 to $1.48 from $1.16. The stock is deemed a “safe harbour” amid US President Donald Trump’s “tragic tariffs”.
“Centurion remains a key stock for investors in turbulent times, in our view,” Loh writes in his April 14 report.
CSE Global leverages engineering experience, technology and diverse skill sets across its global network to design and build customised, integrated systems for clients that solve their problems. With highly attuned engineering capabilities at its core, the group, led by group managing director and CEO Lim Boon Kheng, has successfully delivered complex, large-scale projects amid challenging conditions. Its technologies are designed to reduce waste, allow for greener, smarter processes and are built to last.