Malaysian offshore services provider SILK Holdings announced its unit Jasa Merin has received a MYR11.68m ($3.6m) contract extension by ExxonMobil Exploration and Production Malaysia Inc. for the provision of one Straight Supply Vessel. The one...

Kawasaki Kisen Kaisha (K Line) joins compatriot Mitsui OSK Lines (MOL) in returning a profit in the first quarter of the financial year.

Mermaid Maritime's Subtech Qatar Diving & Marine Services has bagged $40m worth of contracts to provide subsea work.

Coastal Contracts has picked up another bumper crop of orders with its units, Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd securing contracts worth a total of MYR425m ($132m).

China Oilfield Services Limited (COSL) has purchased two platform supply vessels (PSV) from Xiamen Shipbuilding Industry Co.

The outsourcing trend to China continues in the offshore industry with Sarawak-based TAS Offshore reiterating  that it is increasingly outsourcing its vessel construction to contract shipyards in China.

Swiber Holdings has unveiled contract wins of about $435m for its integrated construction and support services to the offshore oil and gas industry.

Singapore-based Otto Marine has entered into a sale and leaseback deal for two large anchor handling tug supply (AHTS) vessels for a total of $170m.

Local Malaysian media reported that Tanjung Offshore is imminently going full steam ahead with its fundraising plans for its previously announced major O&G acquisition.

Italian shipbuilding group Fincantieri reported an operating result of EUR101m ($133.7m) on an EBIT basis for the first half of 2013.