Sarawak-based mainly domestic shipping firm Hubline has been approached to go into the offshore support vessels (OSV) business, according to local media reports.

Malaysia-based Coastal Contracts has secured contracts to sell six offshore support vessels (OSVs) for a total of MYR318m ($99.76m).

Investment in Indonesia's offshore marine services is set to grow between 50% and 100% a year, the Indonesian National Shipowners Association (INSA) was quoted as saying in local media.

Bourbon has announced it has sold three of its vessels for $38m as part of its fleet standardising policy.

Keppel Offshore & Marine expects to maintain its leading position in the jack-up rig newbuilding market even as there is new competition from yards in China and Korea.

State-owned Cosco Shipyard Group has clinched a bumper order worth $403.3m comprising of the construction of a jack-up drilling rig and a cargo vessel, and a conversion job.

Transocean has approached Daewoo Shipbuilding & Marine Engineering (DSME) to build its seventh drillship on the back of a firm five-year charter contract with oil major Chevron.

Daewoo Shipbuilding & Marine Engineering (DSME) announced on Tuesday that it has won a KRW1.33trn ($1.24bn) order to build two drillships for an unnamed Africa-based company.

Rolls-Royce (R-R) is to supply designs and equipment for two PSV newbuild projects at Cosco Guangdong Shipyard.

Malaysian offshore support vessel (OSV) provider Icon Offshore Bhd plans to raise about MYR450m ($141.5m) from its initial public offering (IPO), targeted for next year, according to local media reports.