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Industry Sectors:Offshore

Offshore

India-based Essar Shipping managed to reduce its losses in the third quarter of this year even as revenues dropped.
Offshore services firm Ezra posted a dip in full year profit despite an increase in revenue, due largely to higher operating costs from its subsea services division.
Malaysia-based offshore vessels builder TAS Offshore recorded a strong improvement in its first quarter results over last year on active orders for new vessels.
Dutch offshore operator Seacontractors is upbeat business prospects in the Middle East.
Third quarter operating profit at Nordea's shipping, offshore and oil services group rose 45% year on year to EUR55m, as net loan losses fell 63% to EUR20m.
Damen has secured a contract for two Seismic Research Support Vessels (SRSVs) for Dutch offshore services firm Redrijj Groen.
Kleven has secured a contract with offshore firm Østensjø Rederi worth NOK1.4bn ($236m), the largest ever order in the builder’s history, for an offshore construction vessel (OCV).
Sarawak-based mainly domestic shipping firm Hubline has been approached to go into the offshore support vessels (OSV) business, according to local media reports.
Malaysia-based Coastal Contracts has secured contracts to sell six offshore support vessels (OSVs) for a total of MYR318m ($99.76m).
Investment in Indonesia's offshore marine services is set to grow between 50% and 100% a year, the Indonesian National Shipowners Association (INSA) was quoted as saying in local media.
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