Embattled Triyards Holdings has been hit with new statutory demands and litigation claims amounting to a total of $15.9m.

Dubai-based shipyard Drydocks World has successfully the life extension and construction of a mooring turret for the FPSO Aoku Mizu.

Offshore shipyard Lamprell in the Middle East is seeing a steady stream of refurbishment work pointing to a positive trend in the offshore rig market.

Damen Shiprepair Curacao received a Royal visit from Dutch King Willem-Alexander and Queen Máxima.

Making its debut at Posidonia last week was the new International Maritime Industries (IMI) $5.2bn mega-yard at Ras Al Khair on the Gulf coast of Saudi Arabia, 70% jointly owned by Saudi Aramco (50.1%) and its most important tonnage provider Bahri (19.9%), the remainder belonging to UAE-based rig builder Lamprell (20%) and shipbuilder Hyundai Heavy Industries (HHI) (10%) of Korea.

Damen Shipyards Group has signed a contract with Corpetrolsa Group of Guayaquil, Ecuador, for the supply of three tugs; one Stan Tug 1205 and two Stan Tugs 1606.

Bahrain shipyard ASRY (Arab Shipbuilding and Repair Yard) has inked a fleet agreement with Bahri, which should see more of the Saudi owners vessels docking at its facilities.

Singapore shipyard owner Keppel Corp says it seeing pockets of opportunity in offshore but sustained recovery will take time.

Singapore shipyard Sembcorp Marine (Sembmarine) has won a contract from TechnipFMC for a newbuild Floating, storage, production and offloading (FPSO) unit.

Abu Dhabi Ship Building PJSC (ADSB) has reported net profit up by 70% to AED104.8m ($28.5m) for the 2017 financial year ending in December, representing its second-best performance ever. Gross profit for the year rose from AED256.1m ($69.7m) in 2016 to AED 277.1m ($75.4m).

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