Keppel Offshore & Marine (Keppel O&M) won an order worth $800m to construct a semi-submersible drilling rig for Caspian Drilling, a subsidiary of the State Oil Company of Azerbaijan Republic (Socar).

Malaysia's TH Heavy Engineering (THHE) is stepping up into the big leagues to bid for a risk service contract (RSC) valued at $500m with a partner, which they declined to name and for which the partnership structure has not been finalised.

Singapore-based Ezra Holdings has sold its stake in fellow Singapore offshore firm Ezion Holdings in a move to rationalise its assets.

Atlantic Navigation has obtained a $15m loan facility from Maybank Singapore to partially refinance the acquisition and modification of a jack-up accommodation barge.

Sembcorp Marine (SembMarine) has won a $220.5m jack-up rig contract, for BOT Lease Company.

Malaysian Bulk Carriers suffered from the poor economic conditions in the first quarter, turning to an operating loss of MYR3.4m ($1.1m) from a MYR19.7m profit in the first quarter of 2012 as a MYR9.9m pre-tax loss due to poor charter rates in the...

South Korea's Hyundai Heavy Industries bagged a bumper order from Diamond Offshore Drilling to build one harsh environment semi-submersible drilling rig costing approximately $755m.

Wilhelmsen Technical Solutions (WTS) has signed an agreement for a joint venture with Roccheggiani of Italy to market Heating, Ventilation and Air Conditioning systems.

Silk Holdings unit Jasa Merin has been awarded a MYR35.9m ($11.7m) three-year contract by Petrofac for the provision of one anchor handling tug supply vessel.

Offshore services contractor Coastal Contracts has managed its operations well to eke out a slight net profit gain despite 27% drop in revenue for the first quarter as better margins at both the shipbuilding and chartering divisions helped to...