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Drydocks World is forecasting a good year for rig projects with nine rigs currently in its Dubai yard.

Duqm’s Oman Drydock Company has announced the completion of the conversion of Greek-owned tanker Olympic Luck from an oil-bulk-ore carrier to a VLCC.

Guangzhou Shipyard International (GSI), after its protracted restructuring exercise finally had some good news for the market, making a positive profit alert for a change.

Cosco Corporation (Singapore) Limited has warned of significantly lower earnings for its financial year ended 31 December 2014 due mainly to a one-off charge of around $90m relating to an Octabuoy hull and topside module project.

Wärtsilä has won a contract to supply engines for generating power and driving the dredging pump on one of the world's largest non-self-propelled dredgers.

 

Nordic American Tankers (NAT) has contracted Sungdong Shipbuilding & Marine Engineering in Korea for two 158,000 dwt suezmax tankers for approximately $65m each.

 

The Middle East has established itself as a major ship repair centre, but there exists a gap in the market for a large repair facility in the Red Sea.

The first Floating LNG liquefaction and storage (FLNG) facility expected to be in operation, Caribbean FLNG, has left Wison Offshore & Marine’s Nantong shipyard in preparation for its voyage to the Caribbean.

Malaysia’s OSV builder Nam Cheong has seen third quarter net profit more than doubled from a year ago as revenue jumped on an increase in order wins.

Malaysia Marine and Heavy Engineering (MMHE), third quarter net profit rise to MYR39.1m from MYR36.4m in the previous corresponding period as revenue rose 20% it said in a stock market release.

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