Australia-based Miclyn Express Offshore (MEO) will acquire a 50% stake in Uniwise Towage Limited from Svitzer Asia, a subsidiary of AP Moller-Maersk Group.

Viking Supply Ships has entered into a $120m contract for the charter of four Anchor Handling Tugs to “a major oil company”.

Triyards, an offshore vessel fabrication and engineering solutions provider, has won two contracts worth $59m to build a self-elevating unit (SEU) and a turret for a floating storage offloading (FSO) unit.

Silk Holdings' Jasa Merin unit has been awarded two contracts by Sarawak Shell Bhd.

SapuraKencana Petroleum continues to rake in the offshore oil and gas services contracts with its Allied Maritime & Equipment unit recently awarded a MYR62m ($19.8m) contract for subsea services.

Singapore-based Ezion Holdings has received a letter of intent with a contract value of approximately $65m to provide a service rig to an oil major over a three-year period.

India’s demand for crude oil and gas is projected to increase by 3% in the financial year 2013-14, even as the country’s production is currently steady at 0.76m barrels per day (bpd).

India-based Essar Shipping managed to reduce its losses in the third quarter of this year even as revenues dropped.

Offshore services firm Ezra posted a dip in full year profit despite an increase in revenue, due largely to higher operating costs from its subsea services division.

Malaysia-based offshore vessels builder TAS Offshore recorded a strong improvement in its first quarter results over last year on active orders for new vessels.