Full year profit for India-based Essar Shipping has declined due to higher taxes, despite an increase in revenue.

Sembcorp Marine's subsidiary Jurong Shipyard has won a $596m contract to construct a new jack-up oil rig with an option for an additional unit from Noble Corporation.

Malaysian offshore services provider Alam Maritim posted stellar first quarter results, with net profit more than tripling to MYR23.9m ($7.9m) from MYR7m previously on a big increase in operating margin derived from own vessels and higher share of...

MISC is well on track with its turnaround as it returned to the black in the first quarter with a MYR300.4m ($98.8m) net profit compared with a net loss of MYR469.8m previously on higher heavy engineering segment contributions, lower operating...

Net profit at floating LNG specialists Hoëgh LNG fell to a loss of $7.9m but its FSRU new builds remained on track.

Floating production specialist SBM Offshore has reported a rise in consolidated revenues of 35% to $1bn in the first quarter of 2013.

Bumi Armada saw first quarter net profit rise 22% to MYR109.7m ($36.3m) from MYR89.7m previously boosted by increased revenue from a new floating production, storage and offloading vessel (FPSO) contract and expansion of its fleet.

Floating LNG specialist Höegh LNG has received commitment letters from five banks for a $299m limited recourse facility to finance its Lampung floating storage and regasification unit (FSRU) project in Indonesia.

Malaysia Marine and Heavy Engineering (MMHE) has sensed a tougher offshore business environment on higher competition from regional yards.

In early May, people from all facets of the energy services business descend on Houston for the Offshore Technology Conference (OTC). In recent years, savvy shipping players with a long term view of cycles, such as George Economou  and the Ofer...