Singapore: Crude oil prices maintaining at current levels will support offshore oil and gas exploration and production activities, and paint a positive outlook for the offshore support vessels (OSVs) segment in 2013, encouraging Swissco Holdings...

Singapore: Singapore's Keppel Offshore & Marine (Keppel O&M) won two contracts worth SGD200m ($161.5m) from repeat customers for works on floating production storage and offloading (FPSO) units.

Oslo: STX OSV reported falling profits and revenues in its 2012 fourth quarter and full year results.

Oslo: Havila Shipping has entered into an agreement with Statoil, chartering its AHTS vessels Havila Mars and Havila Mercury.  

Kuala Lumpur: Malaysia's MISC Bhd returned to profit in 2012 turning in a net gain of $249.86m recovering from a loss of $574.93m the year before. Revenues however fell to $3.07bn from $3.20bn previously.

Kuala Lumpur: Malaysian shipbuilders specialising in offshore marine are upbeat about market prospects for offshore supply vessels (OSVs). Malaysian based Nam Cheong continues to see demand for anchor handling tug supply (AHTS) vessels, platform...

Kuala Lumpur: Malaysia's Sealink International posted a full-year loss of MYR9.99m ($3.22m) on a 40% drop in revenue to MYR121.76m and exceptionals and impairment losses of MYR22.12m.

Abu Dhabi: Fred Olsen has taken delivery of a second prototype wind turbine installation vessel, Bold Tern built by UAE-based engineers and contractors, Lamprell.

Abu Dhabi: Waha Capital PJSC, an Abu Dhabi-based investment company, has sold three Anchor Handling Tugs (AHT) owned by Waha Offshore Marine Services (WOMS) to Stanford Marine Group.

Kuala Lumpur: Malaysia-based Bumi Armada believed crude oil prices are expected to stay above $70 per barrel in the long run to benefit investments in the offshore oil and gas industry.