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...

Danish shipping and energy group AP Moller Maersk announced profit of $790m for the first quarter 2013 while revenues at the giant dropped by 2% to $14bn in the first quarter 2013 from $14.3bn in the same period 2012.

Chinese yard Fujian Crown Ocean Shipbuilding Industry bagged an order to build six offshore support vessels (OSVs) scheduled for delivery at the start of 2014.

Thoresen Thai Agencies (TTA) revealed wider losses in the second quarter of its 2013 fiscal year due mainly to continued environment of depressed dry bulk shipping freight rates.

Ezion Holdings landed a $80.3m deal to provide a service rig for use by an Asian national oil company to support its oil and gas activities.