Norwegian owner and crew indicted in US

DSD Shipping and four crew members have been charged in the US with MARPOL and other violations.
The seven-count indictment, returned by a federal grand jury on 13 May, includes conspiracy, obstruction of justice and witness tampering.
The indictment alleges that Stavanger, Norway-based DSD and

UOB Kay Hian: ‘Sell’ for Nam Cheong

Singapore-based brokerage house UOB Kay Hian has recommended investors to sell offshore services provider Nam Cheong’s stocks in view of its lower net profit and weak business outlook.
Analysts from UOB Kay Hian have set a target price of SGD0.28 (USD0.21), while the Singapore-listed Nam Cheong’s