Industry Sectors:Offshore

Offshore

Shanghai Zhenhua Heavy Industries Company (ZPMC) has won a deal to build a semi-submersible barge for a local marine construction firm based in Wuhan, Hubei province in China.
Pacific Radiance has landed multi-year contracts worth up to $68m, including options, for offshore work in the Middle East.
Gulf Navigation (GulfNav) has continued its expansion through a jv with Polimar Turkish Holding that will see its maritime service fleet grow from four to 10 vessels.
SapuraKencana Petroleum (SapKencana) announced that it has, through its various units, won contracts with a combined value of about $300m.
North Atlantic Drilling Ltd (NADL) and Sembcorp Marine have agreed a further extension on delivery of harsh environment semi-submersible rig West Rigel.
Cosco (Dalian) Shipyard has agreed the delay of delivery of a jack-up rig, the latest in a series of delays by the Chinese shipbuilding group.
A fifth former senior official of Singapore Technologies Marine (ST Marine) has been sentenced by a Singaopore court, in a corruption case involving seven former employees of the company.
Singapore’s Triyards Holdings has reported a dip in net profit for its first quarter ended 30 November 2016 due to difficult offshore market conditions.
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.
McDermott has bagged a fast track engineering, procurement, construction and installation (EPCI) contract from Saudi Aramco.