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.

Offshore services provider Ezra Holdings has grabbed $110m worth of project deals in subsea construction and offshore support services in the Gulf of Mexico and Asia Pacific.

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”.