Industry Sectors:Offshore

Offshore

UAE rig builder Lamprell has inked a $225m deal with ScottishPower Renewables to fabricate jackets and piles for the new East Anglia ONE Offshore Wind Farm in the North Sea.
Abu Dhabi Ship Building (ADSB) has docked its first chemical tanker as its commercial fleet diversification strategy gathers momentum. 
The OSV sector is facing a “survival of the fittest” with offshore activity set to decline for another two years according to Pareto Securities.
OSV owner Havila Shipping announced that it has failed to win support from its bondholders for a proposed restructuring, but the company has until next Monday to garner the required…
Malaysian offshore fabrication group TH Heavy Engineering (THHE) saw third quarter losses widen to MYR131.6m ($29.4m) from a MYR5.2m loss in the previous corresponding quarter.
OSV provider Farstad Shipping will enter into a restructuring for Siem Oilservice Invest Holding to take control of the company, in view of a need to strengthen its balance sheet…
In a curiously timed decision Mitsui OSK Lines (MOL) is entering the offshore support vessels market through a joint venture in Norway.
China’s Sinopacific Offshore & Engineering (SOE) has held its first creditors’ meeting after the company embarked on a debt restructuring phase about two weeks ago, reports said.
Malaysian oil and gas player Bumi Armada continues to struggle, turning in a MYR96.7m ($21.8m) third quarter loss from a MYR70m profit in the previous corresponding period as revenue fell…
Swiber Holdings, currently under judicial management, has agreed to sell an elderly cold-stacked vessel for $10.25m which will be used to pay down debts owed to DBS Bank.