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

Alam Maritim Resources, through its unit Alam Maritim (M), has picked up a contract extension for four utility tugs/vessels and one straight supply vessel (SSV) worth MYR70.95m ($22m).

Singapore-based Viking Offshore and Marine (Viking O&M) has charted out a plan to venture deeper into the offshore market by moving up the value chain and extending its capabilities.

The world’s largest rig builder, Singapore’s Keppel Corp, is seeing a changing of the guard as it heads forward with a S$13.1bn ($10.3bn) orderbook.

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