Fertilizer manufacturer Yara International has three semi-refrigerated LPG vessels from Hyundai Mipo Dockyard (HMD), as it sees newbuilding prices versus time chartered tonnage.

Singapore-based Marco Polo Marine recorded a year-on-year drop in first quarter profit as finance costs bite, even as revenue doubled.

Malaysian offshore vessel builder Nam Cheong has contracted five newbuildings worth $70m for sale to Sentinel Marine.

Scorpio Tankers have agreed to sell two LR1 tankers to Eletson for $44m.

Rolls-Royce has been contracted to provide design and equipment services for a new OSV for Island Offshore.

CSSC (Hong Kong) Leasing, an arm of China State Shipbuilding Corp (CSSC), has ordered five 208,000 dwt dry bulk carriers at compatriot yard Shanghai Waigaoqiao Shipbuilding (SWS).

China Oilfield Services Limited (COSL) has estimated that a capital expenditure of RMB7-8bn ($1.2-1.3bn) will be required in 2014 mainly for the purchase of rigs and offshore vessels.

Singapore-based ASL Marine has entered an agreement to buy a shipyard located in Indonesia from Miclyn Express Offshore (MEO) at a cash price of $20m.

The international maritime community mourns the passing of Roderick Keay, chairman of Dolphin Exhibitions and deputy chairman of Posidonia, who died peacefully in late December following a two-year battle with cancer. His funeral was held near his...

Kleven Verft has received a NOK345m (approx. $57m) order for a PSV from Rem Offshore.