Colombian officials say that three explosions have rocked two industrial shipyards in the coastal city of Cartagena, killing four people and injuring 22, according to media reports.

ASL Marine has warned investors of a net loss for its third quarter and nine months ended 31 March 2017 in view of challenging conditions in the offshore marine segment.

A crane collapse accident at a Samsung Heavy Industries (SHI) yard in Geoje has resulted in five killed and several others injured, reports said.

China’s Jiangsu Rainbow Heavy Industries (RHI) has returned to profit in 2016, erasing the loss of 2015, thanks to contributions from a relatively newly controlled subsidiary and efforts on streamlining operations.

Malaysia Marine and Heavy Engineering (MMHE) has won its first major contract for some time, securing a MYR1bn ($226.8m) processing platform construction job from Petronas Carigali.

Cosco (Dalian) Shipyard, subsidiary of Cosco Shipyard Group, has reached an agreement with Northern Offshore to further delay the delivery dates of two jack-up drilling rigs.

Triyards Holdings announced that it has clinched new contracts in April worth $32.9m to fabricate seven tugboats and one crew boat, as it also reported a first half net loss compared to the profit in the year-ago period.

A sixth former senior official of Singapore Technologies Marine (ST Marine) has been sentenced to 16 weeks’ jail by a Singapore court on Thursday.

A new boss has been appointed to Indonesian state-owned shipbuilder PAL Indonesia, after its previous chief was implicated in a graft scandal, local media reported.

Singapore’s offshore services firm EMS Energy and Hong Kong-listed Titan Petrochemicals Group have entered into a non-binding memorandum of understanding (MOU) to raise up to SGD10m ($7.2m) by way of the issuance of convertible notes.

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