Tanjung Offshore is planning to raise between MYR17.7m to MYR22.8m from a private placement of up to 10% of its shares to fund strategic acquisitions.

In the space of two months, Nam Cheong has secured contracts for three offshore vessels worth $70m, and is set to surpass 2012 sales records.  

SBM Offshore has been awarded contracts by Shell Offshore to supply and lease a floating production storage and offloading vessel (FPSO) for the Gulf of Mexico.

Milaha (Qatar Navigation) has announced a first half profit of QR574m ($157.6m)

Fredrik Halvorsen is stepping down as ceo of John Fredriksen's Seadrill and being replaced by Per Wullf.

The world’s largest rig builder, Singapore’s Keppel Corp, is seeing a changing of the guard as it heads forward with a S$13.1bn ($10.3bn) orderbook.

The shipping equipment market is “expected to be better than in 2012”, with sales favouring offshore and specialised markets, engine manufacturer Wärtsilä reports in its interim results.

In the latest twist in the tale of Titan Petrochemicals' woes with its Quanzhou yard in China, the company now wants to retain a 40% to 55% interest in the yard instead of selling off 95% to white knight Guangdong Zhenrong Energy (GZE) as...

Cosco Nantong Shipyard has bagged a contract to build an accommodation vessel contract from Cotemar in Mexico.

Ezion Holdings has received a letter of intent (LOI) for a $82.1m service rig contract in Southeast Asia.