Offshore

The investment arm of Fujian Shipbuilding Industry and compatriot Mawei Shipbuilding have signed a contract for the construction of a service operations vessel (SOV) for offshore windfarm work, reports said.
Embattled OSV builder Nam Cheong has urged noteholders to support the company’s financial restructuring involving approximately $220m of unsecured debts.
Pacific Radiance, owner and operator of OSVs, has commenced discussions with its bank lenders to restructure its debts.
Baku Shipyard LLC (Baku Shipyard), a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M), State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC), has delivered the…
Bourbon kept 100 offshore supply vessels in lay-up in the first half of 2017 as revenues fell.
Engineering and fabrication shipyard Triyards Holdings has voluntarily suspended its shares trading on the Singapore Exchange (SGX) as the company revealed deeper financial troubles and is seeking to restructure its…
Baker Technology’s subsidiary and Point Hope have emerged as the ‘white knight’ investors for beleaguered EMAS Offshore Limited (EOL), which will receive a $50m investment from the investors.
Sarawak's oldest yard, Brooke Dockyard and Engineering Works Corp, fresh from major Petronas contracts, is building on the momentum and has tripled its fabrication capacity for oil and gas offshore…
Sembcorp Marine’s (Sembmarine) PPL Shipyard has terminated contracts for two jack-up rig newbuildings with Perisai Petroleum Teknologi, which the financially strapped Malaysian owner has failed to take delivery of.
Embattled EMAS Offshore Limited (EOL) and two of its wholly-owned subsidiaries have voluntarily filed a restructuring application to the High Court of Singapore, and entered into a binding term sheet…
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