Nordic American Tankers' (NAT) recently announced OSV spin off, Nordic American Offshore (NAO), has entered into a preliminary option agreement for a seventh vessel for its fleet.

Singaporean billionaire and rigbuilding veteran Tan Boy Tee has entered into an agreement to buy up to 10.1% stake in Singapore-listed Viking Offshore & Marine (Viking O&M).

Singapore-based Otto Marine has entered into an agreement to sell an anchor handling tug supply (AHTS) vessel for $95m to its affiliate Go Marine International.

Nordic American Tankers (NAT) has announced it is establishing a new company, Nordic American Offshore (NAO), to purchase six platform supply vessels (PSVs).

On the back of the “unprecedented” level of investment in the Australian offshore sector London Offshore Consultants (LOC) is expanding its marine services business in the country with a new operation based in Sydney

China Oilfield Services Limited (COSL) has signed an agreement with Dalian Shipbuilding Industry Offshore and China Merchants Heavy Industry to build three offshore drilling platforms.

London Offshore Consultants has secured a new private equity investment from Bridgepoint Development Capital (BDC).

Singapore-based Jaya Holdings reported lower earnings in the first quarter of 2014 over the previous corresponding quarter.

Kawasaki Kisen Kaisha (K Line) reported a $150.7m profit for the first half of its 2013 financial year, turning around from a loss in the same period a year earlier, but expects the second half to be more difficult.

Netherlands-based Vroon Offshore Services has exercised an option for a pair of platform supply vessels (PSVs) to be designed by Ulstein and built by Cosco (Guangdong) Shipyard.