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.
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.