Malaysia's offshore construction heavyweight Boustead Heavy Industries Corp Bhd (BHIC) returned to profit in the first quarter with a net profit of MYR5.1m ($1.7m) reversing a a net loss of MYR14.5m in the previous corresponding period as...
Singapore-based Jaya Holdings achieved a slim increase in third quarter profit due mainly to higher average daily charter income from its offshore vessels.
Vard Holdings, designer and builder of offshore support vessels (OSV), posted a considerable drop in net profit in the first quarter due to lower margins.
Braemar Shipping Services announced a 5% drop in profit year on year to £9.3m ($14.2m) despite revenues rising 7.7% to £143.8m in its results for the year ending 28 February 2013.