Posts by Mark Darwin
Japanese gas tanker giant Mitsui OSK sees difficulty buying Chinese vessels
[SINGAPORE] Mitsui OSK Lines, owner of the world’s largest fleet of liquefied natural gas carriers, said it is hard to buy Chinese vessels for the time being as the US ramps up scrutiny of the Asian country’s shipbuilding industry. “It is difficult to purchase Chinese vessels under the current circumstances, because of the port entry…
Read MoreSamsung in talks to invest in California-based Exo
Discussions on all the potential developments are ongoing and details could change Published Tue, May 27, 2025 · 04:31 PM [SEOUL] Samsung Electronics’ investment arm is among a group of firms seeking to invest in US health-care software and device company Exo Imaging, according to people familiar with the matter. Samsung Ventures Investment may participate…
Read MoreAsian ports reported to be congested; average waiting time in Singapore is up to 1.5 days
[SINGAPORE] Port congestion has been reported at Asian ports, with Singapore being one of those affected: The waiting time for a berth at the world’s top transhipment hub is said to be between 12 and 36 hours. Tan Hua Joo, a box shipping analyst at data provider Linerlytica, told The Business Times that the longer…
Read MoreJapan to consider trimming super-long bond issuance: sources
The MOF will make a decision after holding discussions with market participants around mid- to late-June, the sources says Published Tue, May 27, 2025 · 01:37 PM [TOKYO] Japan will consider trimming issuance of super-long bonds in the wake of recent sharp rises in yields for the notes, two sources told Reuters on Tuesday (May…
Read MoreCar sales in Europe dip slightly in April, Tesla’s 49% drop tempers EV gains
TESLA’S sales in Europe fell 49 per cent in April from a year earlier, even as battery-electric sales rose by 27.8 per cent, as the US EV maker’s upgrade of its Model Y shows little sign of improving the brand’s tarnished image in the region. Overall car sales in the region remained roughly consistent with…
Read MoreDenso in talks to buy Temasek-backed seed maker for US$500 million
Published Tue, May 27, 2025 · 10:16 AM [TOKYO] Denso is in final talks to buy a Temasek-backed seed supplier for around US$500 million, as the Japanese vehicle parts supplier deepens its expansion into the agriculture sector, sources familiar with the matter said. Singapore investment firm Temasek, which owns almost half of Axia Vegetable Seeds…
Read MoreRBNZ set to make sixth rate cut and signal bias to more easing
[WELLINGTON] New Zealand’s central bank is set to cut interest rates for a sixth straight meeting and signal it’s open to further easing as US trade barriers dim the economic outlook. The Reserve Bank of New Zealand (RBNZ) will lower the Official Cash Rate (OCR) by 25 basis points to 3.25 per cent on Wednesday…
Read MoreOil steadies after Trump extends EU trade talks deadline
[CALGARY] Oil prices steadied on Monday after US President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about US tariffs on the bloc that could hit fuel demand. Brent crude futures were down 17 cents at US$64.61 a barrel at 8:35 ET while US West Texas Intermediate crude was down…
Read MoreBukit Sembawang H2 earnings up 13% at S$51.4 million; company proposes higher special dividend
[SINGAPORE] Property developer Bukit Sembawang Estates reported net profit after tax of S$51.4 million for the second half of its financial year ending Mar 31, a 13 per cent increase from S$45.6 million over the same period the previous year. The increase was mainly due to higher profits being recognised for residential development projects Pollen…
Read MoreSembcorp Industries enters agreement to explore exporting clean energy from Vietnam
[SINGAPORE] Energy company Sembcorp Industries’ subsidiary, Sembcorp Utilities, has entered into an agreement with several of its counterparts in South-east Asia to explore exporting renewable energy from Vietnam into Malaysia and Singapore. Besides Sembcorp, the strategic partnership includes a Malaysian consortium established by the country’s utility company Tenaga Nasional and its national oil company Petronas,…
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