The funds will finance the construction of a high ice-class Arctic shuttle tanker (Arc7) for the Novy Port project.
The negative result was attributed to the loss in book value of 10 container ships sold and leased back.
MOL aims to use the tie-up to enchance its presence in the chemical business.
Singapore asset manager extends USD5 million lifeline to Triyards and gets first right of refusal for further restructuring.
Singapore-based BW Group has been identified as the company behind the shipbuilding contract with Daewoo Shipbuilding & Marine Engineering for the construction of two LNG carriers, whose delivery is scheduled for June 2020.
New EU regulatory rules could ultimately benefit the freight futures clearing and trading business in Singapore.
Saudi ports saw overall positive growth last year after the country relaxed regulations to boost its economy
South Korean shipbuilder Samsung Heavy Industries has called off a delayed drillship order, prompted by turbulent times and a plunge in oil prices.
Insurance broker Marsh has warned shipownerss that non-compliance with sulphur rules will bring costs and delays.
The six-vessel pool, which will come into operation on 1 April, will be managed by Rotterdam-based RollDock, which will provide five of the six vessels from its multi-functional heavy lift, ro-ro, semi-submersible S and ST-class fleet.