INVESTORS in offshore and marine companies have found little to get excited over during the latest earnings season, with more of these firms falling short of expectations than exceeding them. The large cap rig builders Keppel Corp and Sembcorp Marine met expectations but analysts said upside could be limited. Chinese yards listed here such as Yangzijiang Shipbuilding and Cosco faced issues such...

[SINGAPORE] Sembcorp, through new subsidiary Sembcorp Utilities (Oman), has entered into a joint venture with Oman s Takamul Investment Company to develop a centralised utilities complex the cost of which could run into a billion dollars or so to service the Duqm Special Economic Zone( SEZ) being developed in the Sultanate. It is set to be one of the world s largest SEZs. "The power and...

TWO mainboard listed service providers for the oil and gas industry, Ezion Holdings and Kreuz Holdings, posted improved first quarter earnings and revenues, boosted by contributions from regional projects. For three months ended March 31, 2013, net profit of offshore support service firm Ezion more than trebled from the previous year s US$14.1 million to US$46.2 million, or 5.02 US cents a...