Shipbrokers Clarksons Platou have opened their fourth largest office worldwide in Dubai.
In more unwelcome news for OSV owners Indonesia's Maritime Coordinating Minister Luhut Binsar Pandjaitan has set his sights on laid up vessels off Batam, local reports said.
Stena Drilling’s affiliate Stena Atlantic has exercised its right to terminate a semi-submersible drilling unit construction contract with South Korea’s Samsung Heavy Industries (SHI).
China’s shipyard Shanhaiguan New Shipbuilding Industry has been hit by a cancellation for three out of four jack-up rigs ordered by Falcon Energy Group (FEG) in 2013.
Cosco (Qidong) Offshore and Sevan Drilling have agreed to a fourth extension over the delivery of a newbuild drilling rig named the Sevan Developer.
Bumi Armada got off to a good start with first quarter net profit more than doubling to MYR48.1m ($11.2m) from MYR23.4min the previous corresponding period, even though revenue fell 6%…
Saudi Aramco, Bahri, Hyundai Heavy Industries (HHI) and Lamprell are set to move ahead with the a $5.2bn joint venture mega-yard in Saudi Arabia with partial operation in 2019.
Malaysian offshore services company Alam Maritim Resources hopes to at least maintain its current revenue of MYR200m ($46.8m) to MYR300m for 2017, however warned that it would take two to…
Singapore’s Vallianz Holdings has entered into a set-off and settlement agreement with its second largest shareholder Rawabi Holding Company, potentially allowing the Saudi Arabian firm to become Vallianz’s biggest stakeholder.