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Kim Heng Marine & Offshore Holdings is aiming to raise SGD40m ($31.4m) from an initial public offering (IPO) on the Singapore Exchange second board Catalist.

Oman Drydocks Co (ODC) enjoyed its best year of trading in 2013, and is eyeing potential as hub for the repair of LNG carriers.

A semi-submersible drilling rig under construction at South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) sank while it was moored at the yard's quay.

Petroleos Mexicanos (Pemex) plans to build three tankers and a supply ship and a tuna fishing boat in 2014 at the Barreras shipyard in Vigo, a city in the northwestern Spanish region of Galicia, spending a total of EUR300m ($410m) on the vessels, having taken a stake in the yard.

Troubled Titan Petrochemicals Group seems to have gained a breakthrough in its negotiations to retain some control over its shipyard subsidiary, Titan Quanzhou Shipyard.

Titan Petrochemicals is set to present a new debt restructuring proposal, which the board believes will be a final one, on the $400m it owes debtors.

Maersk Drilling, a unit of AP Moller-Maersk Group, has ordered a KRW572.8bn ($534m) jack-up oil rig from South Korea's Daewoo Shipbuilding & Marine Engineering (DSME).

Sembcorp Marine's Jurong Shipyard has won a $346m contract to build a semi-submersible well intervention rig for Helix Energy Solutions Group, Inc.

Dubai Maritime City has signed a long-term partnership agreement with Mubarak Marine to develop an industrial complex for maritime services, shipbuilding and repair worth $35m.

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