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Sarawak-based OSV player TAS Offshore has MYR500m ($153.4m) of built-to-stock vessels, mostly OSVs being built and an orderbook of MYR330m, remaining confident that new demand for OSVs with higher technical specifications for deep sea operation will contribute positively to its earnings in fiscal 2015, local reports said.

Sembcorp Marine’s wholly-owned Jurong Shipyard has clinched a $696m contract to convert a shuttle tanker into a FPSO vessel for OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Odebrecht Oil & Gas and Teekay Offshore.

TSC Group Holdings has exercised an option for the construction of one jack-up drilling rig via its subsidiary Alliance Offshore Drilling at CSSC Huangpu Wenchong Shipbuilding.

Wärtsilä has announced a run of seven-cylinder RT-flex50DF dual-fuel two-stroke main engines to equip a series of 1,400 teu  boxships under construction at  Yangzhou Guoyu Shipbuilding yard in China.

Singapore’s Keppel Shipyard is finalising contracts with Golar Gimi, subsidiary of Golar LNG, to perform the conversion of a second Moss LNG carrier, the Gimi, into a FLNG vessel.

Dryships has cancelled its four delayed orders for ice class panamaxes at Jiangsu Rongsheng Heavy Industries.

Singapore’s SBI Offshore has entered into talks with a Middle East-Chinese consortium for the construction of up to five jack-up drilling rigs.

Singapore’s Aztech Group has acquired Glenn Marine's shipyard in Singapore through a 100% takeover of the shares of a company owning the leasehold interest of the yard.

Bureau Veritas (BV) has been nominated by Saipem to oversee the conversion of two VLCCs into turret-moored Floating Production Storage and Offloading (FPSO) vessels as part of a $4bn project commissioned by Total.

Aker Philadelphia Shipyard is seeking additional funding from the international capital markets.

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