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Dufour 34 Performance

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British Marine

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+65 6897 7971

Features boats for sale.

For nearly 20 years now, SGBoating has been dedicated to providing the highest quality used boats for sale. Whether you are searching for a used sportfish, motor yacht, center console, flybridge, express cruiser or simply a beginner's runaround boats, our experienced staff are here to assist you. We represent our very own used stock boats, co-brokerage and pre-loved yachts and we can help you find a used yacht in other  part of  the world as we regularly does for our clients. We are boat owners ourselves and we do know the pitfalls of boat ownerships to steer you away in the right directions. And if we cannot convince you to consider buying the next boat from us, fear not as we'll recommend you to our existing boat owners to share their buying experiences and their own recommendations to you. There's simply no better opportunities than speaking with boat owners directly right!

If you have any questions and would prefer to deal with a knowledgeable Singaporean owned boating store, we would love to hear from you! Call us at 65-6897 7971  to begin shopping for top quality pre-owned yachts. Better still WhatApps directly  to -  https://wa.me/6591191872

Our business is dedicated to supporting our clients when they purchase a boat from us all the way through the warranty and beyond.  Always Singaporean Family Owned and Operated since 2006. We simply know better than many others! Our Mantra: Exceeding Customers' Expectations. Just ask any existing SGBoating customers today!  

Sgboatin g fast facts  .

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ILIAD 50 CAT

Location: Singapore

Want to live-onboard full time and cruise the world? How about venturing into the yacht chartering business? Check this!

US$1,850,000

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This almost new 41-footer seakindly boat offers a versatile layout, outboard powered and ready for adventure . 

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CHAPARRAL 270

Location: Keppel Marina

This all popular cabin cruiser offers cabin sleeping for 4, aircon, enclosed toilet, generator, microwave, fridge and more...

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BAYLINER 26 

Location: Raffles Marina

The is a Bayliner Rendezvous 26 deck boat for boaters that need lots of deck space and on a tight budget but don't mind a older age boat

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PURSUIT DC255

Location: SAF Yacht Club

Exceptionally immaculate and very new (Nov, 2022), this 320 SunDancer cabin cruiser is kitted with the best of options like MerCruiser Skyhook

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CHAPARRAL 310

This is a newer 2016 model year Chaparral 310 Signature Cruiser HT (Hardtop) right here at our Raffles Marina dock for immediate sale. 

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C HAPARRAL 215

Everyone love a cuddy cabin boat here in Singapore and here's your chance to own one for very little money to start boating right away!

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ROBALO R225

Want to fish but need a  cabin to rest when the bite is slow? Robalo R225 Walkaround w/250 Yamaha is the answer for you and your family 

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MARITIMO M51

Possibly the best cruising & fishing motor yacht  for our seas. Fully air-conditioned   flybridge with tons of optional add-on for discern buyers

SG$1,980,000

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BENETEAU 760

Always wanted a  shaft-drive  diesel cabin boat? The Beneteau Antares 760 is full of interior  spaces  to admire. Come to view!

VIEW TO OFFER

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QUICKSILVER 605

Bargain on a 2019 Quicksilver 605 Center Console boat. Call us to ask about our in-house easy instalment payment on this boat. Top notch!

PRICE DROP!!!

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BRIG 320HT 

Imported new (Mar 2023) with just 2 hours on the new Honda 20Hp Engine. FRP Hull, Fish Finder/Sonar, Stereo,  Hyperlon, Easy lift on deck 

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SEARAY 190SPX

Just got your PPCDL and want to start boating right away but only want an outboard? Come check out this 19SPX! You'll love what you see!

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ROBALO R222

Location: RSYC

A very well fitted Robalo R222 Center Console, used lightly for local fishing only. Fitted with a dependable Yamaha 200hp engine

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SEADOO SPARK

SZ Registered, 1 owner less than 50 hours and comes with original Spark mooring covers and maintained in excellent condition.

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PATHFINDER 2400

The all new Pathfinder 2400 Open is now here in Singapore and available for sea trial! She's ready for serious fishing! Amazing options!

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SEARAY DA 320

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SEARAY 210 SPX

Brand New 2023 SeaRay 210SPX with a Mercury 150 outboard engine. Comes factory fitted  wakeboard tower and more. Price to sell.

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YACHTS FOR SALE IN SINGAPORE & BEYOND

If you’re looking for used power boats or sailing yachts for sale in Singapore or across Asia then we are here to help.

Are you new to boating, or were you born on the water? Whether it’s a speedboat, cabin cruiser, dinghy, sailing yacht, motor cruiser or superyacht, we can help you find that perfect next boat!

View our range of used boats for sale below, or contact our team with your requirements and budget to let us do the hard work in sourcing your yacht.

Looking to upgrade? We can help you sell your yacht too with a free evaluation .

Whilst every care has been taken in the preparation of the following adverts, the correctness of these particulars is not guaranteed. The particulars are intended only as a guide and they do not constitute a term of any contact. A prospective buyer is strongly advised to check the particulars and where appropriate to have the vessel fully surveyed, inspected and sea-trialed.

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CAN'T FIND THE PERFECT YACHT?

Still searching for that perfect yacht? Fed up of browsing so many sites full of yachts for sale? Exhausted all options in the boats classified pages? Frustrated by the lack of boats for power boats for sale in Singapore? Confused by the amount of sailing yachts for sale in Thailand? We can help!

Contact our Yacht Detective team today and let us do the hard work for you.

We search behind the scenes for your requirements and present you with real options. Once you have decided on the yacht for you, we negotiate the deal, arrange any yacht inspections or yacht surveys, handle all the paperwork and can even deliver the yacht direct to your chosen berth! Don’t have a berth? Guess what, we can help there too.

Connect with us on Facebook , Instagram or YouTube to keep up to date with our latest boating news and be notified of the latest used boats for sale.

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Address 11,Cove Drive, One 15 Marina Club, Singapore 098497

Phone +65 9155 4060

BASCO Boating

Are you looking for a new adventure on the water? Do you want to enjoy the freedom and beauty of sailing? If so, you might be interested in buying a sailboat in Singapore. Singapore is a small but vibrant city-state that offers many opportunities for boating enthusiasts. Whether you are a beginner or an expert, you can find a sailboat for sale that suits your needs and preferences.

In this article, we will introduce you to some of the most popular types of sailboats, their features, and benefits. We will also give you some tips on how to find and buy a sailboat in Singapore, as well as some of the best places to sail in the country. By the end of this article, you will have a better idea of what kind of sailboat you are looking for and how to get started on your boating journey.

Sailboat Types and Features

Sailboat Types and Features

There are many different types of sailboats, each with its own advantages and disadvantages. Some of the most common ones are:

  • Dinghy: A small and simple sailboat that can be sailed single-handedly or with one or two crew members. Dinghies are ideal for learning the basics of sailing, practicing skills, or exploring nearby waters. They are also easy to store and transport. However, they are not very comfortable or spacious, and they may not perform well in rough seas or strong winds.
  • Sloop: A versatile and popular sailboat that has one mast with two sails: a mainsail and a headsail. Sloops can be sailed with one or two crew members, depending on the size and design. Sloops are good for cruising, racing, or fishing. They offer good balance, speed, stability, and maneuverability. However, they require more skill and experience than dinghies to handle properly.
  • Cutter: A classic and elegant sailboat that has two masts with two sails each: a mainsail and a jib (a smaller triangular sail). Cutters can be sailed with one or two crew members, depending on the size and design. Cutters are great for cruising, racing, or entertaining guests. They offer excellent performance, comfort, style, and seaworthiness. However, they are more expensive and complex than sloops to maintain.
  • Ketch: A distinctive and adventurous sailboat that has one mast with two sails: a mainsail at the front (called the mizzen) and a headsail at the back (called the jib). Ketches can be sailed with one or two crew members, depending on the size and design. Ketches are excellent for cruising long distances or exploring remote areas. They offer great speed, stability, versatility, and charm. However, they are more difficult to handle than sloops or cutters in strong winds or waves.
  • Schooner: A historic and majestic sailboat that has two masts with three sails each: a mainsail at the front (called the foremast), a headsail at the back (called the mizzen), and a jib at the side (called the spritsail). Schooners can be sailed with one or two crew members, depending on the size and design. Schooners are wonderful for cruising, racing, or showing off their heritage. They offer amazing performance, beauty, history, and sensibility. However, they are very expensive and rarely available.
  • Catamaran: A modern and innovative sailboat that has two hulls connected by a deck (called a bridge). Catamarans can be sailed with one or two crew members, depending on the size and design. Catamarans are fantastic for speed, comfort, space, and safety. They offer incredible performance, luxury, practicality, and reliability. However, they are more costly than other types of sailboats to buy.
  • Trimaran: A futuristic and experimental sailboat that has three hulls connected by three decks (called bridges). Trimarans can be sailed with one or two crew members, depending on the size and design. Trimarans are incredible for speed , comfort, space, and safety. They offer unbelievable performance, luxury, practicality, and reliability. However, they are extremely expensive and rare to buy.

Benefits of Sailing

Benefits of Sailing

Sailing is a wonderful activity that can bring you many benefits. Some of the benefits of sailing are:

  • It can improve your physical and mental health. Sailing can help you burn calories, strengthen your muscles, and reduce stress. It can also boost your mood, creativity, and confidence.
  • It can save you money and time. Sailing can be cheaper than other modes of transportation, such as cars, buses, or trains. It can also save you time by avoiding traffic jams, parking fees, or public transport delays.
  • It can enrich your social life. Sailing can help you meet new people who share your passion for the sea. You can join sailing clubs, groups, or events to make friends and have fun. You can also invite your family or friends to join you on your sailing trips.
  • It can expand your horizons. Sailing can expose you to new places, cultures, and experiences. You can explore different islands, coastlines, or waters around the world. You can also learn new skills, such as navigation, maintenance, or emergency procedures.

How to Find and Buy a Sailboat in Singapore

How to Find and Buy a Sailboat in Singapore

If you are interested in buying a sailboat in Singapore, here are some tips on how to find and buy one:

  • Do your research. Before you start looking for a sailboat, you should do some research on the types of sailboats that suit your needs and preferences. You should also check the legal requirements, regulations, and safety standards for owning and operating a sailboat in Singapore.
  • Set a budget. Depending on the size, quality, and condition of the sailboat that you want to buy, you should set a realistic budget for your purchase. You should also consider the costs of maintenance, insurance, fuel, and docking fees.
  • Find a reputable seller. To find a reputable seller of sailboats in Singapore, you should look for online platforms that offer verified listings of new or used sailboats for sale. You should also ask for recommendations from other boating enthusiasts or professionals.
  • Inspect the boat carefully. Before you buy a sailboat in Singapore, you should inspect it carefully for any signs of damage, wear and tear, or defects. You should also test the boat’s performance, functionality, and safety features.
  • Negotiate the price. After you inspect the boat carefully, you should negotiate the price with the seller. You should consider the condition, age, and value of the boat, as well as any discounts or incentives that the seller may offer.

Sailing is an exciting and rewarding activity that can bring you many benefits. If you want to buy a sailboat in Singapore, you should do some research, set a budget, find a reputable seller, inspect the boat carefully, and negotiate the price.

We hope this article has helped you learn more about sailboats for sale in Singapore. If you have any questions or comments, please feel free to contact us. We are the most reliable and effective boating platform in Asia-Pacific.

Sailboats for Sale Singapore faq

Q: What are some of the best places to sail in Singapore?

A: Some of the best places to sail in Singapore are:

  • Marina Bay: A scenic waterfront area that offers stunning views of the city skyline and landmarks such as Marina Bay Sands, Merlion Park, and Gardens by The Bay. You can enjoy sailing along the bay with other boats or join organized sailing tours.
  • Sentosa Island: A resort island that offers various attractions such as beaches, water parks, and theme parks. You can enjoy sailing around the island with other boats or join organized sailing tours.
  • Pulau Ubin: An island that offers natural beauty and wildlife such as mangroves, jungles, and birds. You can enjoy sailing around the island with other boats or join organized sailing tours.

Q: What are some of the challenges or risks of sailing?

A: Some of the challenges or risks of sailing are:

  • Weather conditions: Sailing depends on weather conditions such as wind speed, direction, and temperature. You should always check the weather forecast before sailing and be prepared for any changes.
  • Sea conditions: Sailing depends on sea conditions such as waves, currents, and tides. You should always be aware of sea conditions before sailing and be able to handle any difficulties.
  • Navigation rules: Sailing depends on navigation rules such as speed limits, sound signals, and lights. You should always follow navigation rules before sailing and be able to communicate with other boats.

Q: How often do I need to maintain my sailboat?

A: The frequency of maintenance for your sailboat depends on several factors such as:

  • The type of sailboat that you have (e.g., dinghy vs ketch)
  • The age and condition of your sailboat (e.g., new vs old)
  • The usage and activity level of your sailboat (e.g., daily vs occasional)
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Boats for Sale in Singapore

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Showing 1 - 28 of 39 results

Dufour 34 Performance

Asia (Singapore)

OFFERED BY:

De Valk Yacht Brokers

Model: DUFOUR 34 PERFORMANCE Type: sailing yacht LOA (m): 10,60 LWL (m): 9,13 Beam (m): 3,48 Draft (m): 1,90 Air draft (m): 15,50 Headroom (m): 1,88 Year built: 2007 Builder: Dufour Yachts SA Co...

Beneteau GRAN TURISMO 32

Simpson Marine Limited

Simpson Marine are proud to offer this single owner Beneteau Gran Turismo 32 which has been optimised to make the best use of every space. As a model the GT32 was designed for ...

Bluegame Boats BGX60

$3,200,689 *

This is your opportunity to own this very innovative concept of a yacht the Bluegame BGX 60. The only one in Asia. This is no ordinary 60-footer, the Bluegame BGX60 is simply t...

Bluegame Boats BGX70

$4,014,424 *

Exclusively available to Simpson Marine For sale is a stunning 2022 Bluegame BGX 70 yacht, meticulously maintained and in excellent condition, ready to provide an unparalleled ...

Beneteau Monte Carlo 5

This 2015 Beneteau Monte Carlo 5 comes in a beautiful turquoise hull. She is luxurious and stylish, known for her steady performance with a modern design. Her two Volvo IPS 600...

Parker Boats Monaco 110

Asia Yachting

The Parker Monaco 110 is a striking example of modern yacht design, combining luxury, performance, and advanced technology. This yacht is perfect for those who seek both adventure and relaxatio...

Aquila 36 Sport

A day cruiser that meets both luxury and performance available now. This Aquila 36 is meticulously maintained and loaded with premium features, with top-tier amenities like air...

Sanlorenzo SX88

$5,045,154 *

Beautifully appointed and carefully maintained 2019 Sanlorenzo SX88 for sale. Graceful in her lines, yet robust and steady in the water, this particular SX88 is beautifully spe...

Fairline Squadron 58

$2,954,767 *

BRAND NEW FAIRLINE SQUADRON 58 AVAILABLE NOW IN SINGAPORE Introducing the epitome of luxury and elegance on the water: the brand new, award winning Fairline Squadron 58. Crafte...

Sunreef 62 Sailing

This Sunreef 62 is a luxurious sailing catamaran and with over 9 metres of width, she offers plenty of deck space indoors and on deck. Guests on board can choose to entertain w...

Beneteau Swift Trawler 34 Fly

2014 Beneteau Swift Trawler 34. With features often found in yachts closer to 40ft the Beneteau Swift Trawler 34 is a yacht packed full of innovative features. Crane on the fly...

Sunseeker Manhattan 68

We are thrilled to present the magnificent Sunseeker Manhattan 68, a 2021 model that epitomizes luxury and performance. This vessel has been meticulously maintained since new by a dedicated Cap...

The Aquila 36 is widely regarded as the leader within category, offering owners a super versatile platform on the water. This extremely spacious outboard-powered catamaran prov...

Sessa Key Largo 40 Outboard Line

Rare pre-owned Sessa Key Largo 40 available now. This is a 2022 version and the one and only in Singapore. Equipped with special custom twin 600HP Mercury XL outboard engines. ...

Sunseeker Manhattan 52

This 2009 Sunseeker Manhattan 52 represents the perfect harmony between style, comfort, and luxury. From her sleek exterior lines to her timeless interior spaces, she offers im...

Introducing the Lagoon 630MY, a magnificent motor yacht with fabulous range, exceptional sea keeping ability and performance, combined with its unparalleled blend of style, lux...

Cranchi Z35

**AVAILABLE NOW** This Cranchi Z35, 11.5 metres in length is the one and only Cranchi Z35 cabin cruiser in Singapore. With a completely open cockpit, it's the perfect example o...

Azimut Magellano 43

2017 Azimut Magellano 43 with twin 355 hp Cummins QSB 6.7 diesel engines with low hours and full tropical specification including joystick EasyDocking system, reverse cycle air...

$3,037,942 *

Sunreef 60 Sailing Catamaran Luxury craft for the ultimate yachting experience. Discover high-performance sailing, vast living spaces, and modern design with the Sunreef 60. Key Features: - ...

Model: MASON 53 Type: sailing yacht LOA (m): 16,31 LWL (m): 12,12 Beam (m): 4,52 Draft (m): 2,09 Headroom (m): 2,00 Year built: 1984 Launched: 1984 Builder: Ta Shing Yacht Building Country: Taiw...

Princess V85-S

This exceptionally rare Princess V85-S is equipped with upgraded large twin MTU 2433HP engines, delivering a top speed of over 38 knots - perfect for those who love fast yachts and want to reac...

$1,573,220 *

Recently Refreshed - Late Model - Single Owner - Never Chartered - Low Hours - High Spec - Recently Serviced - Gold Painted Hull - Professionally Maintained. This 2018 Azimut 6...

Azimut 40 FLY

This is a superb example of the very popular Azimut 40. She boasts an extensive inventory of features including Air-conditioning, Generator, Hydraulic Swim Platform for easy te...

This Sunseeker Manhattan 52 is a great example of a popular fully equipped flybridge yacht. And she is ready for you to enjoy! She has a 3 bedroom / 2 bathroom layout, a generous saloon and fl...

Jeanneau Merry Fisher 895 Marlin OS

This Jeanneau Merry Fisher 895 Marlin offshore version is a rare find in the preowned market. A handsome boat characterised by its inverted windscreen, it has many innovative t...

Fairline Phantom 65

$3,947,414 *

BRAND NEW FAIRLINE PHANTOM 65 AVAILABLE OCTOBER 2024 A boat with no compromise, where luxury and exhilaration are one, the Phantom 65 raised the bar for all sports cruisers in ...

ASKING PRICE IS $550,000 SGD This 60’ Bondway Houseboat was completely refitted in 2007 at the Bondway shipyard. She is unique from most of the other houseboats in Singapore in...

Beneteau Oceanis 45

Beneteau Oceanis 45 - Gloria This 2018 Beneteau Oceanis 45 is one of three sister yachts we have available. A fantastic and unique opportunity offered by Simpson Marine. Dilige...

* Price displayed is based on today's currency conversion rate of the listed sales price.

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New & Used Yachts For Sale In Singapore

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Description

When looking for new, pre-owned, and used yachts for sale in Singapore, the amount of time it takes to narrow down exactly what you want can some times be intimidating. With so many manufacturers, models, and boat types, how do you begin to find the right yacht that meets your budget and your needs?

United Yacht Sales is the one-stop professional yacht brokerage that can navigate you through the frustrations and help you make the best decision possible when it comes to the purchase of your next boat. We can help you find the yacht for sale, set up the showings, help negotiate pricing, handle the yacht closing and everything else involved, and we do all of this so you are able simply sit back and to enjoy the process. Buying a yacht requires a significant investment and it is our goal to provide you with detailed information and professional guidance.

When searching for a yacht for sale, there are a plethora of options. The yachts on our website number over 7,000 listings, including yachts built by top brands such as Hatteras, Viking, Bertram, Sea Ray, Azimut, Sunseeker, Ferretti, and more. United can also help you find the best used center-console boat in Singapore from brands like Yellowfin, Contender, and more.

To view a yacht for sale in Singapore, browse below and click the photo for more information.

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The only choice for yacht brokers in  singapore.

United Yacht Sales is the brokerage firm that gives you the personal attention you need. Since we opened our doors in 2002 to sell yachts in Singapore, our actions and care for you, the client, have helped us become the largest independent yacht brokerage in the country. It is this attitude that ensures our buyers and sellers return to us when they are ready to buy or sell a yacht again.

Our professional yacht brokers number more than 150 and encompass the United States, Canada, the Bahamas, Mexico and other locations worldwide. This means we have extensive coverage in the major markets throughout North America. Our knowledgeable and experienced yacht brokers get results, as evidenced by the over 600 transactions representing $100 million that we close each year. When you're searching for used yachts for sale in Singapore, United Yachts Sales ensures you find the yacht you are searching for.

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Roxy Square in Katong is up for collective sale at a minimum price of S$1.25 billion. (Image: Google Street view)

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SINGAPORE: Roxy Square in Katong has been put up for collective sale at a minimum price of S$1.25 billion (US$0.93 billion), marketing agent JLL said on Wednesday (Jul 24).

Roxy Square is a freehold mixed-use development, comprising Roxy Square Shopping Centre and Grand Mercure Roxy Hotel.

The minimum price translates to about S$2,094 per square foot per plot ratio and is inclusive of a land betterment charge. Developers pay this charge so they can enhance the use of some sites.

More than 80 per cent of the owners have consented to the collective sale at the minimum price, JLL said.

Roxy Square was built in three phases from the early 1980s to 2000 and comprises 296 shops, 26 apartments and a hotel with 576 rooms.

The site has a gross floor area of about 668,000 sq ft.

Under the 2019 Master Plan by the Urban Redevelopment Authority (URA), the site is partially zoned for commercial and residential use along East Coast Road. It is also partially zoned as a hotel, fronting Marine Parade Road.

"Based on recent planning advice from the URA, the entire Roxy Square site may be rezoned into commercial and residential (use) and be redeveloped into a high-rise mixed development comprising residential, commercial, and/or hotel components," said JLL.

The site can also be redeveloped to allow for sea views towards the south and unblocked views over shophouses, low-rise mixed-use buildings and landed residential estates towards the north.

Subject to approval, JLL said a developer could potentially create a mixed-use development with more than 350 residential units and about 80,000 sq ft of retail and food and beverage space.

The remaining area can be set aside for office, hotel or other commercial uses.

The site is also directly in front of the newly opened Marine Parade MRT station on the Thomson-East Coast Line. 

" There is also a provision for a knock-out-panel at the MRT station which will allow the future development to have a direct connection to the station concourse level, linking it to the underground pedestrian network with a new array of shops," said JLL.

The site is also close to shopping malls such as Parkway Parade, i12 Katong and Katong V. Nearby schools include Tao Nan, CHIJ (Katong) Primary, Haig Girls' School and Tanjong Katong Primary School.

Executive director for capital markets at JLL Singapore Tan Hong Boon anticipates "significant interest" in the site. 

"We have observed an increasing popularity with home buyers in recent years of mixed residential and commercial developments. 

"In the Katong area, there are currently no comparable mixed-used sites to Roxy Square available for redevelopment, not to mention a freehold one," Mr Tan said.

The tender for Roxy Square closes at 3pm on Sep 26.

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Income will continue with affordable insurance after stake sale to Allianz: NTUC Enterprise

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SINGAPORE – NTUC Enterprise will continue to back Income Insurance and keep it on track to serve its social objectives even after the sale of a large stake to German insurer Allianz, said its chairman Lim Boon Heng.

Income will continue to provide affordable and accessible insurance options to the underserved and lower-income customers through products such as the LUV and SilverCare policies, he said in a statement on July 25.

He added that Income will continue to participate in national insurance programmes in partnership with the Central Provident Fund Board, and Income products will be priced “very competitively”.

“NTUC Enterprise will also continue as an active shareholder of Income Insurance to keep it to its purpose and deliver social commitments to its policyholders,” he said.

He added that Allianz, a global player, was roped in to help Income better compete.

“Income Insurance’s life insurance market share has been less than 10 per cent in the past 10 years. Allianz’s offer to be a majority shareholder will enable Income Insurance to be even more relevant and resilient over the long term, to serve families in Singapore and fulfil its obligations to its policyholders,” Mr Lim said.

The labour movement here has provided Income with capital for its business over the years, he said.

An example would be the capital injection by NTUC Enterprise in 2020 to support Income’s solvency at the peak of the pandemic, when its capital buffers came under pressure.

“Insurance is a capital-intensive business and to grow, there is a need to tap the capital markets. The strength of Allianz’s financial position will provide additional support to Income Insurance where required,” he said.

In a separate statement, Income said that NTUC Enterprise, as a substantial shareholder following the close of the deal, will remain firmly committed to Income and its stakeholders, including policyholders and shareholders.

Income stressed that even with Allianz as a majority shareholder, it would continue with ongoing commitments, including social ones, as stated in the pre-conditional offer announcement on July 17.

What this means is that Allianz will continue to participate in national insurance programmes, invest in the Singapore community, recognise the union and uphold the principles of good labour management relations.

It also means Allianz will carry out the existing pledge of investing $100 million over 10 years from 2021 to promote social mobility among the low-income, support the well-being of seniors and champion environmental causes.

Minority shareholders of Income who accept the Allianz offer will be given priority to tender their shares and receive $40.58 per share.

Shareholders are not required to take any action now as the offer is subject to regulatory approval.

A spokesman for the Monetary Authority of Singapore (MAS) said: “When assessing a potential shareholder of a licensed insurer, MAS’ assessment would include considering the track record, financial soundness, reputation, fitness and propriety of the proposed shareholder, and whether the risk management systems and processes put in place are commensurate with the size and complexity of the business undertaken by the licensed entity.”

When launched, the offer will be open for acceptance for a stipulated period, Income said, adding that the closing of the offer is expected to be in the fourth quarter of 2024 or the first quarter of 2025.

The statements by the insurer and NTUC Enterprise come amid concerns among some Singaporeans about whether the sale of a majority stake in Income would eventually lead to a dilution of its social purpose and result in higher premiums.

In a Facebook post on July 23, Ambassador-at-Large Tommy Koh said: “I don’t think it is a good idea to sell Income. It was founded to serve a social purpose and a social need. They remain valid today. I wish to argue that Income and FairPrice should never be sold.”

FairPrice is the largest supermarket chain in Singapore and a cooperative of NTUC.

Mr Tan Suee Chieh, who served as chief executive officer (CEO) of NTUC Income from 2007 to September 2013, told The Straits Times that Income had aimed to maximise the social impact and value for its policyholders.

“We wanted to have as much reach to Singaporeans, not to maximise profits, but to maximise social impact.”

He was referring to Allianz CEO Oliver Baete’s comments in an interview that the German insurer was in Asia to build “a resoundingly profitable business”. 

Credit ratings agency Fitch had earlier said Income would benefit from Allianz’s global expertise and the potential synergies, while other industry observers had highlighted how Income would be able to strengthen its position in the insurance space and in the region.

The issue is expected to be discussed when Parliament next sits from Aug 6.

MP Liang Eng Hwa and Non-Constituency MP Leong Mun Wai said they have filed parliamentary questions over the Allianz offer.

Mr Liang, who is chairman of the Government Parliamentary Committee for Finance, Trade and Industry, told ST he is asking whether the stake sale will have an impact on the affordability of essential insurance products to mass consumers, and whether there is social value for NTUC Enterprise to retain its controlling stake in Income.

Mr Leong said in a Facebook post that he will ask how the Government will continue to support the cooperative movement in providing Singaporeans with affordable essential goods and services in the future.

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Oil tankers on fire after colliding close to Singapore, crew rescued

Image: The Singapore-flagged tanker Hafnia Nile on fire

SINGAPORE — Two large oil tankers were on fire on Friday after colliding near Singapore , the world’s biggest refuelling port, with two crew members airlifted to hospital and others rescued from life rafts, authorities and one of the tanker owners said.

Singapore is Asia’s biggest oil trading hub and the world’s largest bunkering port. Its surrounding waters are vital trade waterways between Asia and Europe and the Middle East and among the busiest global sea lanes .

The Singapore-flagged tanker Hafnia Nile and the Sao Tome and Principe-flagged tanker Ceres I were about 55 km (34 miles) northeast of the Singaporean island of Pedra Branca on the eastern approach to the Singapore Straits, the Maritime and Port Authority of Singapore (MPA) said.

The 22 crew of the Hafnia Nile and the 40 on the Ceres I were all accounted for, the MPA said, which was alerted to the fire at 6:15 a.m. (2215 GMT)

The owner of Hafnia Nile confirmed the vessel was involved in a collision with Chinese owned Ceres I.

Photographs released by the Singapore Navy showed thick black smoke billowing from one tanker and crew being rescued from life rafts and flown to hospital.

The environmental authorities in neighbouring Malaysia said they had been told to prepare for potential oil spills .

Norway’s Gard, one of Hafnia Nile’s insurers, told Reuters it was too early to assess the environmental impact.

“We are supporting our member as they are dealing with the incident,” Gard said.

Navigational traffic had not been affected, although the status of the vessels or any pollution was unknown at present, a spokesperson at the UN’s International Maritime Organization (IMO) said.

“No aerial surveillance has been conducted so far,” the spokesperson said.

“Salvage and fire-fighting assets have been arranged by both vessel owners to support the fire-fighting efforts and subsequent towage of the vessels to safety.”

The IMO spokesperson said a salvage team had been appointed and was en route to the area.

The 74,000 deadweight-tons capacity panamax tanker Hafnia Nile was carrying about 300,000 barrels of naphtha, according to ship-tracking data from Kpler and LSEG.

The Ceres I is a very large crude carrier supertanker, which ship-tracking data last showed was carrying around 2 million barrels of Iranian crude.

“The Ceres I has been a boat that has gone dark many times over the years,” said Matt Stanley, head of market engagement EMEA & APAC with Kpler, referring to when vessels switch off their AIS tracking transponders.

Stanley said the last AIS signal the vessel transmitted around March indicated it was carrying Iranian crude, which the U.S. has tried to curtail, including imposing sanctions on ports, vessels and refineries involved in the trade.

“She was at anchorage (on Friday). We can be fairly sure that she was carrying Iranian crude and was going to China,” Stanley said.

Shadow fleet risks

S&P Global said in an April report that China buys around 90% of Iran’s crude exports, often at discounted prices.

The Ceres I has not moved since July 11, according to LSEG shipping data.

The area Ceres I is anchored in is known to be used by so-called dark fleet ships for the transfer of Iranian oil in contravention of U.S. sanctions, said Michelle Wiese Bockmann, principal analyst at Lloyd’s List Intelligence.

“The Ceres I has repeatedly been involved in transferring or shipping Iranian oil in breach of U.S. sanctions,” she said.

Shipping sources have said the tanker was also involved in transporting Venezuelan oil, which is also under U.S. sanctions, to China in recent years.

The China-based owner of the Ceres I could not immediately be reached for comment. China has repeatedly said it is opposed to unilateral sanctions.

Up to 850 oil tankers are estimated to operate the shadow fleet transporting oil from countries such as Iran and Venezuela as well as Russia, which has multiple restrictions on its oil exports.

Shipping industry officials have  warned  that safety issues are growing because of the ageing and unregulated vessels.

The Ceres I vessel was built in 2001 while the Hafnia Nile was built in 2017, shipping data showed. It was unclear who provided insurance for the Ceres I, which was not covered by top tier providers like Gard, according to other data.

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Singapore Grand Prix Formula 1 2024 entertainment lineup announced, tickets now on sale

Acts include OneRepublic, Kylie Minogue, Lenny Kravitz, Disclosure (DJ), HONNE, and more

Mingli Seet

Once again, the Formula 1 Singapore Grand Prix is returning for an exhilarating three-day event from September 20 to 24, 2024 – and it’s a known fact that Formula 1 is not complete without its annual groundbreaking acts. This year, look forward to over 100 hours of entertainment across 12 stages. 

Formula 1 2023: Singapore GP

The entertainment lineup includes OneRepublic, HONNE and The Jungle Giants on September 20, Friday. Taking the stage on September 21,  Saturday, are Kylie Minogue, Disclosure (DJ), The Corrs, Kool & The Gang, BabyMonster, Tones And I, and James Murphy (DFA / LCD Soundsystem). The lineup for the last day on September 22 includes Lenny Kravitz, Tones And I, Dean Lewis and Kelis.

Formula 1 2023: Singapore GP

Single-day walkabout tickets are priced from $128 and are available for purchase via Singapore GP’s website or authorised ticketing partners. All tickets grant entry to performances in Zone 4, including the main Padang Stage. However, access to performances at the Wharf Stage requires a Zone 1 ticket. Patrons must have a valid ticket for the specific day of the performance they wish to attend.

Do note that artists and entertainment programmes might be subjected to change. Follow Singapore GP’s Instagram for the latest updates.

MORE TO DISCOVER

Walt Disney Animation’s Aladdin concert is coming to the Esplanade Theatre this September

ArtScience Museum presents ‘The World of Studio Ghibli’ show this October, here's how to get tickets

The award-winning Space Explorers: The Infinite VR experience comes to Singapore this October

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Why did a humpback whale capsize a boat? Here's what really happened.

Experts explain why the incident depicted in a viral video was an accident caused by natural feeding behaviors.

A humpback whale is photographed mid air water droplets trailing along its body.

When an 80,000-pound humpback whale rockets out of the depths, not much can stand in its way.  

Brothers Wyatt and Colin Yager recently witnessed evidence of this off the coast of Odiorne Point in Rye, New Hampshire. They captured the shocking moment a humpback breached and then landed on the back side of a small nearby boat, capsizing the vessel. While the two people aboard were thrown into the water, neither the people nor the whale appeared to suffer any injuries.

Given that a group of orcas have been recently documented ramming and capsizing vessels off the coast of the Iberian Peninsula, the humpback incident has left some online jokingly wondering if the whales aren’t rising up in revolt.

  ( Why are orcas ramming boats? They might just be bored teenagers .)

Alisa Schulman-Janiger , a marine biologist and lead research biologist for the California Killer Whale Project, assures us that’s not the case. “This was an accident,” she says. “The whale did not attack the boat.”

It was “a collision between a whale 100 percent focused on feeding, and a fishing boat dead in the water (not making any noise),” she says. “In the video, you can see schooling fish jumping out of the water, and out of the whale's expanded mouth.”

Why do humpbacks breach?

Humpback whales typically feed on small crustaceans, known as krill , as well as   entire schools of fish ,   such as   anchovies, cod, sand lance, and capelin. To catch fish, the marine mammals sometimes herd their prey to the surface by releasing strategic curtains of bubbles that trick the fish into believing they’re trapped and have no choice but to go up.

Then, the humpbacks shoot up to the surface with their mouths open, swallowing up schools of fish in a single gulp.

In this case, Schulman-Janiger says the humpback in question had been observed feeding on Atlantic menhaden for several days in the Piscataqua River between Maine and New Hampshire—an unusual occurrence for that area, she notes.

The Coast Guard was apparently aware of the whale, the only one of its kind in the area, and had even issued notices to mariners so that they could watch out for it, according to Dianna Schulte , co-founder and director of research for the Blue Ocean Society for Marine Conservation.

All of that said, Schulman-Janiger says the boat operators appear to have done nothing wrong. Their engine was off, and they were not trying to interact with the whale.  

In areas where baitfish (small, fast-breeding species) are concentrated, “humpback whales will gladly take advantage of the easy meal and may have little regard for what is on the surface, including boats,” according to a Facebook post from the New England/Mid-Atlantic department of NOAA Fisheries, “When feeding, humpback whales can be unpredictable and active at the surface.”

How to stay safe around whales

Fortunately, even landing on a human vessel wasn’t enough to deter the humpback from feasting. Schulman-Janiger notes that reports from the scene suggested that after the encounter, the whale continued to feed for another four hours.

At the same time, NOAA advises fishers not to cast lines or troll in areas near humpbacks or visible bubble netting activity . If a bubble cloud appears while you are already fishing, the agency recommends trying to remove your lines or gear, carefully, if possible.

According to NOAA, boats should slow to 10 knots in whale hotspots to prevent collisions, allowing for both you and the whale time to react.

“A collision with a vessel or entanglement in fishing lines can cause serious injuries to the whale and sometimes be fatal. Collisions with whales have also thrown boaters from vessels and caused serious injuries and even death to people.”

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