The Alphard Group recently celebrated its seventh anniversary in India.

Royal Boskalis Westminster (Boskalis) closed the third quarter of 2016 in line with expectations.

Denmark’s API Marine has introduced its new API Tank Level Radar – TGD-R, a tank gauging devise radar, to expand its portfolio of integrated API Smart Cargo Control and Automation systems for tankers.

China Shipping Development Company (CSDC) is boosting its stake in marine services company CS Haisheng to 51%, which will in turn make it a subsidiary of the company, it said in a stock market announcement.

Caterpillar Marine will establish a new dedicated marine center in Singapore in the facility previously occupied by Caterpillar Remanufacturing.

Wartsila has cut a further 550 jobs at its marine and energy solutions businesses to reflect the weak market situation, as part of an attempt to reap annual savings of EUR50m ($56.5m).

Underlying profit before financing for Rolls-Royce’s marine business fell by 94% in 2015, hit by the weak offshore market.

First half profits for Rolls-Royce’s marine division fell by 90% and its orderbook has contracted by 16% due to the drop in the oil price and the decline in the offshore market.

Malaysia Marine and Heavy Engineering Holdings (MMHE) earnings fell 16.4% to MYR39.7m ($12.4m) in the second quarter from MYR47.6m a year ago due to lower profit from the offshore and marine segments as operating profit at the marine division fell due to lower margins from repair jobs.

New York-based Signature Bank has announced on Thursday its expansion into offering direct finance services for commercial marine industries on a national basis.

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