Swiber, an offshore construction and support services provider, sank into the red in the third quarter due mainly to a 60.9% year-on-year decrease in revenue.

Lamprell has inked a $365m contract from National Drilling Company (NDC), Abu Dhabi, for two further jack-up drilling rigs.

SBM Offshore is to pay $240m to the Dutch Public Prosecutors Office (Openbaar Ministerie) in an out-of-court settlement over the alleged payment of bribes in Equatorial Guinea, Angola and Brazil.

Singapore’s Swissco Holdings has secured charter contracts worth about $119m for an offshore service unit and a multipurpose vessel.

Swire Emergency Response Services (SERS) has announced a partnership with International Environmental and Marine Services (IEMS) to provide emergency response services in Europe, Africa and the Middle East.

Drydocks World Dubai and Wärtsilä have today signed a contract to build the Middle East's first LNG-powered tug.

United Arab Shipping Corp (UASC) is expanding reefer with new investments and access to the South American trades through cooperation with Hamburg Süd.

Owners that have recently taken a bunker delivery from bankrupt OW Bunker or one of its subsidiaries could face claims by unpaid sub-contractors warns P&I club Skuld.

OW Bunker has filed for bankruptcy just two days after a $125m fraud was revealed at Singapore subsidiary Dynamic Oil Trading.

At last, there is some lift-off for the struggling crude tanker market. Earnings for VLCCs from the Gulf to Japan rose to $47,000 a day last week, and over $27,000 a day to the US Gulf.