Singapore’s Otto Marine booked a net loss in the first half ended 30 June 2015, dragged down by the decrease in other income despite a rise in revenue.

Keppel Shipyard has bagged a FPSO conversion contract as well as three repairs, upgrade and modification contracts worth a total of about SGD125m ($89.3m).

Offshore marine logistics firm Marco Polo Marine has reported a sharp fall in net profit for the third financial quarter ended 30 June 2015.

Singapore shipyard group Sembcorp Marine (Sembmarine) reported a 15% decline in net profit to SGD215m ($157.4m) hit by low oil prices and reduced capital expenditure in the oil and gas industry.

Financially-shaken Sainty Marine has expressed urgency in finding a buyer for four of its newly-built bulk carriers, as the Chinese yard seeks to ease its tightening cashflow problems.

Keppel Offshore & Marine (Keppel O&M) has contracted its third liquefaction facility conversion from Golar LNG, after the latter exercised the second of two options.

South Korea’s Hyundai Heavy Industries (HHI) has jointly developed a Sea Weather Forecasting System with Korea Institute of Ocean Science & Technology (KIOST).

Sembcorp Marine has entered into an engineering and construction contract worth around $1bn with Heerema Offshore Services (HOS) to build a new DP3 semi-submersible crane vessel.

China Merchants Heavy Industry (Jiangsu) will construct four self-elevated liftboats for Haiheng Ship Engineering, building on an existing two units that were ordered earlier.

Cosco (Nantong) Shipyard will extend the delay in the delivery of a completed rig to the buyer, KS Drilling, after a mutual agreement was reached.

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