Singapore’s offshore services firm Vallianz Holdings has ceased operations at its shipyard in Singapore since end-2016 as part of efforts to streamline business operations amidst the severe industry downturn.

Singapore's Keppel FELS has resold a jackup rig following the first buyer's failure to take delivery of the rig and make the balance payment.

Italian shipbuilder Fincantieri has received recommendation from independent financial adviser KPMG Corporate Finance to take Singapore-listed Vard Holdings private.

Bankrupt Sinopacific Offshore & Engineering (SOE) has announced that it is looking for investors to help restructure the company.

MISC's heavy engineering unit Malaysia Marine and Heavy Engineering (MMHE) has confirmed the full appointment of Wan Mashitah Wan Abdullah Sani as its new md and ceo with effect from 1 January 2017.

Plans for a $4.3bn mega-shipyard in Saudi Arabia by Hyundai Heavy Industries (HHI), Saudi Aramco, Bahri and Lamprell have moved a step closer to construction with an inauguration ceremony.

Dubai-headquartered shipowner Gulf Navigation Holdings (GulfNav) is expanding in the shipyard business with a tie-up with two yards from the China Shipbuilding Industry Corp (CSIC) Group.

China’s Sinopacific Offshore & Engineering (SOE) has held its first creditors’ meeting after the company embarked on a debt restructuring phase about two weeks ago, reports said.

Arab Ship Repair Yard (ASRY) has lured a familiar name back to Bahrain to succeed Nils Kristian Berge as chief executive.

An explosion at a Pakistani shipbreaking yard that claimed the lives of more than two dozen workers is believed to have been caused by sizable amounts of smuggled oil that caught fire, local reports said.

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