Floatel International, an associated company of Keppel Offshore & Marine (Keppel O&M) says it has reached an agreement with its lenders on Jan 9. Under the agreement (also known as the collateral discharge agreement), Floatel will deliver full discharge of security of the bank vessel assets....

KEPPEL Corporation said that offshore vessel player Floatel has reached an agreement with lenders of its revolving credit facilities and bank vessel facility, which will deliver a full discharge of security over the assets owned by some of the Floatel group entities.

In the first week of 2021, a triple whammy caused a surge in crude oil prices, with North Sea Brent rising to US$70.73 per barrel initially on Jan 6, the commodity’s highest level since Sept 2020, but fell back to US$53 per barrel during the afternoon in London. As at Jan 7, North Sea Brent is at ...

THE Covid-19 pandemic has turned watchers and investors sunny on "infracos" - dedicated infrastructure owner-operators. Here in the Singapore market, an infrastructure asset spin-off or sale makes most sense for Keppel Corp's telco unit M1.

The Straits Times Index (STI) was down 11.8% in 2020, making it the worst performer in Asia, says PhillipCapital’s head of research Paul Chew in its Singapore strategy report for 2021 dated Jan 5. The index’s poor performance coincided with Singapore’s worst gross domestic product (GDP) contra...

What a year 2020 was, with the coronavirus upending industries, supply chains and the livelihoods of many. On Dec 31, 2020, the last trading day of the year, the benchmark Straits Times Index (STI) slid 25.41 points or 0.89% to 2,843.81 points at the closing bell.  Year-on-year (y-o-y) this is ...

KEPPEL Corporation chief executive Loh Chin Hua says he is "cautiously optimistic" about 2021, after what has been a tumultuous year for both the company and the broader global economy.

The new year would probably see the Straits Times Index still entrenched within a narrow range. Week-on-week, the index closed almost unchanged at 2,843. The sideways trend, in force since early Nov 2020 has seen support established at the 2,795 to 2,800 range. Resistance stays at the Nov 2020 high ...

KEPPEL Corporation chief executive Loh Chin Hua says he is "cautiously optimistic" about 2021, after what has been a tumultuous year for both the company and the broader global economy.

THE year 2020 was a tough one for stock markets around the world, but the benchmark Straits Times Index (STI) has actually underperformed many other major indices. The index declined 12.6 per cent to end the year at 2,843.81 points, weighed by the likes of City Developments, Keppel Corporati...