Singapore: Seadrill and Mermaid Maritime have invested in a $100m share issue by Asia Offshore Drilling (AOD) to fund its new build programs and for general corporate purposes.

Dubai: FIS, freight and commodity swaps brokerage, has opened an office in Dubai, UAE in response to the growing market for freight and commodities and its proximity to Asian markets.

Bangkok: Thoresen Thai Agencies (TTA) has raised a considerable THB3.96bn ($133.15m) through a rights issue to fund its plans for dry bulk and offshore drilling fleet renewal.

Shanghai: China Cosco Holdings has unveiled plans to sell Cosco Logistics to its parent China Ocean Shipping (Group) Co in a bid to restore its financial stability.

Singapore: Standard Chartered Bank closed a $109.35m loan facility for Leopard Tankers for four 51,800 dwt MR product tankers.

Jakarta: Jakarta headquartered-Berlian Laju Tanker’s (BLT) secured creditors in Indonesia have rejected a restructuring plan, leaving its financial rescue plans hanging by a thread.

The good results from Stealthgas a leading LPG player, are well known, and investors are starting to catch on. As the equity markets were rising to new heights on March 5, ceo Harry Vafias was honored by ringing the closing bell at Nasdaq’s Times...

Brussels: Dockwise Ltd has applied for delisting from the Euronext exchange in Brussels as Boskalis' buyout of the dutch heavy lift specialist nears its end.

New York: Fourth quarter losses at Greek-owned Dryships Inc. reached $129.8m as operating costs rose sharply year on year.

Paris: Offshore services provider Bourbon announced a sharp jump in income and profits for 2012 as the French giant benefitted from the strong fundamentals of the offshore sector.