Shandong Twin Marine (SDTM), subsidiary of Shandong Ocean Equipment, has ordered three decommissioning semi-submersible vessels from CIMC Raffles.

Singapore’s Sembcorp Marine has reversed into the red for its third quarter amid difficult industry conditions, and has axed about 8,000 jobs up-date since 2015.

Engineering and fabrication services firm Triyards Holdings reported a fall in full year profit despite an increase in revenue.

Singapore-listed ASL Marine has asked to delay announcing its first quarter results and agm as it seeks to finalise new funding arrangements.

China’s Cosco Qidong Offshore and shipowner Axis Offshore have mutally agreed to re-extend the delivery date of a semi-submersible accommodation rig.

Out-going Lamprell chief Jim Moffat trumpeted a founding stake in a joint venture investigating a massive shipyard in Saudi Arabia as a potential “game changer” for the group. 



Euroseas has cancelled a second ultramax at Dayang Shipbuilding in China and is now headed into arbitration with the shipyard.

Returning customers and a new client have given a boost to Gibdock’s repair schedules of German ship managers in the first half of 2016, with sterling’s post Brexit depreciation also sharpening the Gibraltar yard’s competitive edge for the rest of the year.

Dutch firm OOS International Group has inked a deal to build a pair of new semi-submersible crane vessels (SSCVs) at China Merchants Industry Holdings (CMIH).

Teekay Offshore has taken a writedown of $43.7m for its second quarter financials results arising from the termination of its order for two new cylindrical flotels at China’s Cosco shipyard.

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