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Industry Sectors:Offshore

Offshore

In early May, people from all facets of the energy services business descend on Houston for the Offshore Technology Conference (OTC). In recent years, savvy shipping players with a long…
Danish shipping and energy group AP Moller Maersk announced profit of $790m for the first quarter 2013 while revenues at the giant dropped by 2% to $14bn in the first…
Chinese yard Fujian Crown Ocean Shipbuilding Industry bagged an order to build six offshore support vessels (OSVs) scheduled for delivery at the start of 2014.
Thoresen Thai Agencies (TTA) revealed wider losses in the second quarter of its 2013 fiscal year due mainly to continued environment of depressed dry bulk shipping freight rates.
Ezion Holdings landed a $80.3m deal to provide a service rig for use by an Asian national oil company to support its oil and gas activities.
World Fuel Services has been successful in gaining a winding-up order against Otto Marine subsidiary Reflect Geophysical.
Varun Shipping managed to narrow its net loss in the quarter ended 31 March 2013 even as revenues shrank.
Malaysia's offshore construction heavyweight Boustead Heavy Industries Corp Bhd (BHIC) returned to profit in the first quarter with a net profit of MYR5.1m ($1.7m) reversing a a net loss of…
Singapore-based Jaya Holdings achieved a slim increase in third quarter profit due mainly to higher average daily charter income from its offshore vessels.
Vard Holdings, designer and builder of offshore support vessels (OSV), posted a considerable drop in net profit in the first quarter due to lower margins.