Alam Maritim has been awarded an extension of contract worth MYR38m ($12.8m) by Petronas Carigali for the provision of one workboat.

ST Marine, an arm of ST Engineering, posted marginally lower net profit but higher revenue in the first quarter ended 31 March 2013.

Singapore-based Triyards Holdings has completed its proprietary design of a drilling jack-up rig and is seeking to clinch its maiden order for such an offshore unit.

The positive global demand for offshore support construction vessels (OSCVs) may be weighed down by an increasing number of speculative newbuild orders, according to Norway-based Siem Offshore.

Vard Holdings, designer and builder of offshore support vessels (OSVs), entered into a contract with Island Offshore to construct one advanced OSV worth approximately NOK400m ($69m).

 Sembcorp Marine's (Sembmarine) net profit rose 5% year on year in the first quarter to $119m for 2013.

Charter rates for offshore support vessels (OSVs) operating in the Middle East may decline as more owners push out extra tonnage, offsetting the positive effects of healthy offshore oil and gas activities, according to Atlantic Navigation.

The prospect of exploiting pockets of oil and gas off the south eastern coast of Sri Lanka is expected to provide good investment opportunities for foreign companies as well as lucrative work for the Sri Lankan shipping fraternity.

Ezra's subsea division EMAS AMC won a $75m contract from Statoil for a subsea engineering, procurement and offshore construction job in the Smørbukk South Extension in the Norwegian Sea.

GDF Suez has chartered the GDF Suez Cape Anne from Höegh LNG for use as the first floating storage and regasification unit in China.