Courage Marine deepens into loss in 1Q15

Singapore-listed dry bulk owner Courage Marine posted a loss of USD2.38 million for the first quarter ended 31 March 2015, up 136% year on year (y/y) from its loss of USD1.01 million in the first quarter of 2014.
The company’s turnover decreased by 77% y/y to USD1.2 million in the first quarter of

Ezion may lose rig charters in Mexico

Singapore-based offshore oilfield service provider Ezion Holdings said it expects to lose some charter contracts for its rigs in the Gulf of Mexico.
The company, which first-quarter 2015 profit dipped 9.3% year on year to USD41 million, told analysts that Mexico is a potential headwind.