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An update from Mencast Holdings Ltd. ( (SG:5NF) ) is now available.
Mencast Offshore & Marine and Salt Investments’ subsidiary Prosper Excel Engineering have entered into a binding strategic collaboration to provide integrated oily-waste management services for the Singapore maritime sector. The partnership combines Mencast’s licensed marine waste treatment infrastructure with Salt Investments’ logistics and commercial network to handle collection, processing and recovery of marine oily wastes, including the production and sale of recycled fuel oil.
The collaboration aims to boost waste-handling capacity, improve compliance and environmental stewardship for shipowners, and enhance operational efficiency and turnaround times for vessels. It also seeks to create a scalable commercial platform for regional expansion of marine-waste services, supporting circular-economy outcomes and targeted sustainable returns for both companies’ shareholders over an initial two-year term, with an option to extend.
More about Mencast Holdings Ltd.
Mencast Holdings Ltd., listed on the SGX Catalist Board, operates in the marine and offshore sector with a focus on marine waste management services. Through its subsidiary Mencast Offshore & Marine Pte Ltd, the company runs an Approved MARPOL Annex I Marine Waste Reception Centre in Singapore, providing treatment and processing of marine oily waste in one of the world’s busiest shipping hubs.
Average Trading Volume: 2,697,115
Technical Sentiment Signal: Buy
Current Market Cap: S$49.75M
For an in-depth examination of 5NF stock, go to TipRanks’ Overview page.